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 - Ledger Nano X - Secure your crypto | 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 Genesis Creditor Groups' Loans Amount to $1.8B and Counting: Sources
DCG’s Portfolio - Portfolio - Digital Currency Group
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?
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This Could Be The NEXT FTX… 2 BILLION DOLLARS MISSING
