Genesis is laying the groundwork for a bankruptcy filing as soon as this week. The company is working toward a restructuring plan and had swapped proposals with its creditors, some of whom had suggested receiving a mix of cash and equity from DCG.
https://twitter.com/WuBlockchain/status/1615879804393508864?
bloomberg
Topic: Gemini vs Digital Currency Group - page 2. (Read 468 times)
Have you seen the Grayscale bitcoin wallet? They have approximately 654,600 BTC.
So? Even if they go bankrupt it doesn't mean they will dump all of it on centralized exchanges to crash the market. Only scammers like Do Kwon are this dumb. I don't expect a real company that's this big to make a move like that. They'll rather try to make money other ways and they are doing it. There were rumors about Coindesk being put up for sale in November 2022. With so much bitcoin in custody they can easily get a loan. Also, DCG isn't completely insolvent and they have many options on the table. IMO they have enough money to keep going until the next bull market bails them out.
Moreover there's news that a few billion in crypto has been recovered from FTX wallets, which is something like 70% of what they owe. If that's true DCG should be safe.
Have you seen the Grayscale bitcoin wallet? They have approximately 654,600 BTC.
So? Even if they go bankrupt it doesn't mean they will dump all of it on centralized exchanges to crash the market. Only scammers like Do Kwon are this dumb. I don't expect a real company that's this big to make a move like that. They'll rather try to make money other ways and they are doing it. There were rumors about Coindesk being put up for sale in November 2022. With so much bitcoin in custody they can easily get a loan. Also, DCG isn't completely insolvent and they have many options on the table. IMO they have enough money to keep going until the next bull market bails them out.
Moreover there's news that a few billion in crypto has been recovered from FTX wallets, which is something like 70% of what they owe. If that's true DCG should be safe.
Cheerfully, the SEC decided to slap both market participants in the face 
https://www.sec.gov/news/press-release/2023-7
SEC Charges Genesis and Gemini for the Unregistered Offer and Sale of Crypto Asset Securities through the Gemini Earn Lending Program
https://www.reuters.com/business/finance/dcgs-crypto-broker-genesis-owes-creditors-more-than-3-bln-ft-2023-01-12/
Jan 12 (Reuters) - Crypto broker Genesis owes creditors more than $3 billion, a person familiar with the matter told Reuters, as woes pile up for its owner, venture capital company Digital Currency Group (DCG).
https://www.sec.gov/news/press-release/2023-7
SEC Charges Genesis and Gemini for the Unregistered Offer and Sale of Crypto Asset Securities through the Gemini Earn Lending Program
https://www.reuters.com/business/finance/dcgs-crypto-broker-genesis-owes-creditors-more-than-3-bln-ft-2023-01-12/
Jan 12 (Reuters) - Crypto broker Genesis owes creditors more than $3 billion, a person familiar with the matter told Reuters, as woes pile up for its owner, venture capital company Digital Currency Group (DCG).
Have you seen the Grayscale bitcoin wallet? They have approximately 654,600 BTC.
Goldman Sachs is also owned by the Rothschilds. I heard that Goldman Sachs will store these bitcoins
Grayscale is one of the greatest scams of 2022. His clients do not own the cryptocurrency, the clients own the shares of this company, which has 30 billion.
This is my opinion, but tell me where is the Grayscale cryptocurrency? May the assets be pledged. And when Grayscale fails to pay its obligations in the 2nd quarter of 2023, then this company will be in big trouble.
I can be wrong, but if I am right, then the market situation will be even worse. Goldman Sachs and other whales will buy all the assets of the cheap, and then there will be a new stage of growth.
Goldman Sachs is also owned by the Rothschilds. I heard that Goldman Sachs will store these bitcoins
Quote
Who invested in Grayscale Bitcoin Trust ? Grayscale Bitcoin Trust has 3 investors including ARK Investment Management and Rothschild Investment Corporation . Google(C)
The Gemini exchange made savings for clients at 8% per annum, and loaned clients' money to Genesis at a rumored 12% per annum.Grayscale is one of the greatest scams of 2022. His clients do not own the cryptocurrency, the clients own the shares of this company, which has 30 billion.
This is my opinion, but tell me where is the Grayscale cryptocurrency? May the assets be pledged. And when Grayscale fails to pay its obligations in the 2nd quarter of 2023, then this company will be in big trouble.
I can be wrong, but if I am right, then the market situation will be even worse. Goldman Sachs and other whales will buy all the assets of the cheap, and then there will be a new stage of growth.
In my opinion they will not go bankrupt easily Digital Currency Group is far more biggest than FTX but I would be crazy and I'm done with this kind of Shit 
after do some search on the internet
(Shortly after on Nov. 22, Genesis confirmed that the firm hired investment bank Moelis & Co for restructuring services as a means to avoid the Chapter 11 route.
In the letter, Genesis reaffirmed that it is “committed to being as transparent as possible” to those affected and that customers will be informed of “meaningful developments, including any updates on timing.” ) - https://cointelegraph.com/news/crypto-lender-genesis-has-no-solution-yet-for-withdrawal-halts
after do some search on the internet
(Shortly after on Nov. 22, Genesis confirmed that the firm hired investment bank Moelis & Co for restructuring services as a means to avoid the Chapter 11 route.
In the letter, Genesis reaffirmed that it is “committed to being as transparent as possible” to those affected and that customers will be informed of “meaningful developments, including any updates on timing.” ) - https://cointelegraph.com/news/crypto-lender-genesis-has-no-solution-yet-for-withdrawal-halts
Digital Currency Group (DCG)
https://dcg.co/
Our Subsidiaries
Genesis
Grayscale
CoinDesk
Foundry ..
Earn Update: An Open Letter to @BarrySilbert
https://twitter.com/JeremyCom/status/1609943153032953857
What do you think will happen if GreyScale goes bankrupt? It will be even more fun than the Sam Bankman Freed company situation. Prices in the markets will fall even more, and institutional investors will lose a lot of money.
https://dcg.co/
Our Subsidiaries
Genesis
Grayscale
CoinDesk
Foundry ..
Earn Update: An Open Letter to @BarrySilbert
https://twitter.com/JeremyCom/status/1609943153032953857
What do you think will happen if GreyScale goes bankrupt? It will be even more fun than the Sam Bankman Freed company situation. Prices in the markets will fall even more, and institutional investors will lose a lot of money.
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