Breaking: Genesis Gave Nearly $2.50 Billion Loans To Three Arrows Capital

Breaking: Genesis Gave Nearly $2.50 Billion Loans To Three Arrows Capital


CoinGape
2022-07-18 16:50:21

After revealing that Genesis liquidated positions in Three Arrows Capital (3AC) earlier, the exact amount of loss is now revealed. Crypto lender Genesis is said to have lent Three Arrows Capital a loan worth $2.36 billion. Genesis CEO Michael Moro had earlier this month clarified on the details of the exposure to 3AC. He said The post Breaking: Genesis Gave Nearly $2.50 Billion Loans To Three Arrows Capital appeared first on CoinGape.