This Could Be The NEXT FTX… 2 BILLION DOLLARS MISSING



Gemini is a popular cryptocurrency exchange that holds cryptocurrencies 1:1 on their platform, so they’re solvent EXCEPT FOR A 1 BILLION DOLLAR HOLE thanks to Genesis Trading… Digital Currency Group the parent company owes out 2 Billion dollars in crypto and fiat right now… Sub – https://voskco.in/sub

Custody your own coins with a Trezor wallet – https://voskco.in/trezor
Keep your crypto in cold storage with a Ledger – https://voskco.in/ledger

Sam Bankman-Fried the biggest scammer in history who’s heralded by mainstream media and us government officials is bringing the PAIN across the crypto sector as the FTX contagion continues to impact crypto companies… Barry Silbert of DCG Digital Currency Group which champions the Greyscale Bitcoin GBTC and assumed a big loss from Genesis Trading owes Gemini exchange almost a billion dollars and another billion of funds due elsewhere… This could send Bitcoin and Ethereum prices MUCH LOWER in the short-term, price predictions for btc and ETH are SCARY with these billion dollar companies imploding.

Links
CoinDesk: Genesis Needs $1.8B https://www.coindesk.com/business/2022/12/04/genesis-creditor-groups-loans-amount-to-18b-and-counting-sources/
DCG’s Portfolio – https://dcg.co/portfolio/
Messari What Happens Next? https://twitter.com/messaricrypto/status/1598421699350831104?s=46&t=SNQWbsvfHkjRqjhbX0M1qw
Ryan Selkis’ DCG/Genesis Research: https://twitter.com/twobitidiot/status/1599404828387463168/photo/1
Degentrading – is Barry Silbert another SBF? https://twitter.com/hodlKRYPTONITE/status/1595325206046072832

⏰ Timestamps ⏰
00:00 The FTX Contagion has Spread
01:02 Genesis needs $1.8B
01:54 What is DCG?
03:33 The Genesis Gemini relation
04:40 Are BlockFi Wallet Funds Held on Gemini?
05:36 What will happen to Genesis Trading?
09:05 Will Genesis go bankrupt?
13:23 How can we protect ourselves?

Follow us on our official social media accounts – https://voskco.in/22

VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.

#cryptocurrency #dcg #digitalcurrencygroup #gemini #gensis #bankrupt #ftx

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BlockFi Files for Bankruptcy, Becoming Latest FTX Domino



This episode is sponsored by Nexo.io, Circle and Kraken.

On today’s episode, NLW returns to his usual daily programming with a review of crypto contagion that took place during the last week. He looks at BlockFi, which filed for Chapter 11 bankruptcy protection in New Jersey today, as well as Genesis and FTX itself.

(Genesis Global Capital is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)

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Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io.

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

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Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com.

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Back To The End” by Strength To Last. Image credit: PM Images/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

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BIG Bitcoin RISK?! Genesis, Grayscale & DCG – What Now?



🛒 Best Deals in Crypto 👉 https://www.coinbureau.com/deals/
📲 Insider Info in my Socials 👉 https://guy.coinbureau.com/socials/
👕 My Merch Store 👉 https://store.coinbureau.com/
🔥 TOP Crypto TIPS In My Newsletter 👉 https://guy.coinbureau.com/signup/

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📺 Useful Vids 📺

Exchange Proof of Reserves 👉 https://www.youtube.com/watch?v=PtusZF39bko
Crypto Self Custody 👉 https://www.youtube.com/watch?v=X_heFWeETZs

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⛓️ 🔗 Useful Links 🔗 ⛓️

DCG Coinincidences: https://datafinnovation.medium.com/3ac-dcg-amazing-coincidences-c14eec941c06
Degen Trader Post: https://degentrading.substack.com/p/genesis-chapter-11
Ryan Selkis Tweets: https://twitter.com/twobitidiot/status/1594660053029720064
3AC Drags Down: https://www.cnbc.com/2022/07/11/how-the-fall-of-three-arrows-or-3ac-dragged-down-crypto-investors.html
Genesis Sought Loan: https://www.wsj.com/livecoverage/stock-market-news-today-11-17-2022/card/crypto-lender-genesis-sought-emergency-loan-of-1-billion-by-monday-573TThK17Ke15FYwJzLR
DCG 10bn Valuation: https://www.coindesk.com/business/2021/11/01/digital-currency-group-achieves-10b-valuation-in-700m-secondary-sale/
Silbert Commentary: https://twitter.com/fintechfrank/status/1595135036642463744

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– TIMESTAMPS –
0:00 Intro
0:42 The G Unit
3:52 FTX Collapse
7:41 DCG Contagion
10:47 3AC Collapse
13:59 Equity Raise
16:33 DCG Assets on Sale
20:06 Final Thoughts

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#Bitcoin #BTC #DCG #Genesis

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