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January 25, 2023by Laura Shin

The Chopping Block: Will Genesis Creditors Be Made Whole? – Ep. 447

Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, they covered:

  • why the markets were up so much recently
  • how and why Genesis entered into bankruptcy
  • why the hole in DCG’s financials are potentially much bigger than previously reported
  • the differences between the bankruptcies of FTX and Genesis
  • whether 3AC founders Su Zhu and Kyle Davies will find success with their new exchange
  • what will happen to GTBC now that a huge portion has already been liquidated
  • whether Tarun is predicting “the start of a new supercycle”
  • the large percentage of vested SOL held by the FTX estate
  • how SBF is still trying to win the public

Hosts

  • Haseeb Qureshi, managing partner at Dragonfly Capital
  • Tarun Chitra, managing partner at Robot Ventures
  • Robert Leshner, founder of Compound
  • Tom Schmidt, general partner at Dragonfly Capital

 

Links

 

Disclosures

 

Genesis: 

    • Bloomberg: FTX Bankruptcy Judge Backs Company Law Firm, Rejects Last Minute ‘Rumors’
  • CoinDesk: 
  • Crypto Lender Genesis Global Capital Is FTX’s Largest Unsecured Creditor
  • Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure
  • CNBC: 
  • Crypto firms Genesis and Gemini charged by SEC with selling unregistered securities
  • Crypto publication CoinDesk hires Lazard to explore sale as crisis deepens at parent company DCG
  • Unchained:
    • Is Genesis’s Prepackaged Bankruptcy The Ultimate Sacrifice? 
    • Gemini Ends Its Earn Program and Calls for Barry Silbert’s Ouster
    • DCG Under Investigation by DOJ and SEC: Report
    • Genesis CEO Says Firm Needs More Time to Find a Solution

 

FTX:

  • Unchained:
    • SBF Says Excel Spreadsheet Proves FTX US Is Solvent
  • WSJ: New FTX Chief Says Crypto Exchange Could Restart
  • The Block: FTX debtors identify $5.5 billion of liquid assets in ’Herculean effort’

 

3AC/GTX: 

  • Unchained: 3AC Founders Are Raising $25M for ‘GTX’

Posted in: 2023, Shows, The Chopping BlockTagged in: 3AC founders' raise, bitcoin, Compound, crypto bankruptcy claims, Crypto News, cryptocurrency, Dragonfly Capital, ethereum, FTX case, Gauntlet, GBTC trade, genesis bankruptcy, Haseeb Qureshi, Laura Shin, regulation, Robert Leshner, SEC charges Gemini, Tarun Chitra, The Chopping Block, Tom Schmidt, Unchained Podcast

Our guests on this episode:
Haseeb Qureshi, managing partner at Dragonfly Capital

Haseeb Qureshi

managing partner at Dragonfly Capital

Tarun Chitra, Managing Partner at Robot Ventures

Tarun Chitra

Managing Partner at Robot Ventures

Robert Leshner, founder of Compound

Robert Leshner

founder of Compound

Tom Schmidt, Partner at Dragonfly Capital

Tom Schmidt

Partner at Dragonfly Capital

© Copyright 2022 – 2023 Laura Shin Media LLC. All Rights Reserved.

Website by Zach Swinehart.

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Unchained Podcast

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