货币Crypto Exchange Genesis Admits 3AC Losses – Reuters

Genesis Trading was exposed to Three Arrows Capital (3AC), the Singapore hedge fund that slipped into default recently, but managed to reduce its losses, according to a report by Reuters.

CEO Michael Moro said Digital Capital Group, which is Genesis’s parent company, had assumed some of its liabilities – the extent of which were not disclosed in the report, which cited a tweet by Moro, who said Genesis was looking at other ways to recover potential losses.

Read the full report: Reuters.

ALSO on AF:

Three Arrows Capital Hedge Fund in Default Amid Crypto Selloff

Bitcoin Miners Selling Their Coins Amid Crypto Meltdown

Moody’s Downgrades Crypto Exchange Coinbase’s Debt

Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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