Genesis Trading, owned by one of the biggest crypto firms Digital Currency Group, has publicly requested a loan of $1 Billion in order to stay liquid! If DCG and Genesis Trading don’t get these funds, it could leave crypto investors without their funds temporarily or even rugged forever. FTX Contagion continues thanks SBF. Sub! https://voskco.in/sub
Direct link to Gemini – https://voskco.in/gemini
Direct link to Genesis Trading – https://genesistrading.com/
Direct link to Digital Currency Group DCG – https://dcg.co/
FTX collapsed, and here’s what YOU need to know – https://www.youtube.com/watch?v=3fB-SHXzEDA
FTX and FTX US are a ponzi scheme by SBF – https://www.youtube.com/watch?v=6UqaJblBXxI
Is Gemini Earn the next lending program to go bankrupt? –
With Genesis Trading, the primary source of interest for many crypto lending programs, having requested a loan of a staggering $1 Billion, are they in more trouble than we realize? Gemini Earn halted withdrawals, and it is because of Genesis Trading not having the liquidity they need to fulfill these withdrawal requests… What does the future of cryptocurrency look like if Genesis and DCG end up bankrupt or insolvent? Let’s take a deep dive into the situation around Genesis and its complicated web of associated crypto companies and products.
Thanks a lot Sam Bankman-Fried and FTX the biggest ponzi scheme scam ever….
Keep your crypto safe in cold storage!
Trezor – https://voskco.in/trezor
Ledger – https://voskco.in/ledger
📃 Read the investigation threads here: 📃
Revealing Genesis $1B loan request – https://twitter.com/twobitidiot/status/1593292793581113345?s=20&t=vVsk3MI4cfcP0EGzMr0Lgg
Genesis updates regularly on their Twitter timeline –
We want to provide an update on where things currently stand with our lending business. In anticipation of the extreme market volatility yesterday, we hedged and sold collateral resulting in a total loss of ~$7M across all counterparties, including Alameda.
— Genesis (@GenesisTrading) November 9, 2022
As part of our goal in providing transparency around this week’s market events, the Genesis derivatives business currently has ~$175M in locked funds in our FTX trading account. This does not impact our market-making activities.
— Genesis (@GenesisTrading) November 10, 2022
We recognize how challenging this past week has been due to the impact of the FTX news. At Genesis we are entirely focused on doing everything we can to serve our clients and navigate this difficult market environment.
— Genesis (@GenesisTrading) November 16, 2022
Grayscale break down their exposure to FTX –
In the wake of recent events, our investors should know that the safety and security of the holdings underlying Grayscale digital asset products are unaffected. 🧵
— Grayscale (@Grayscale) November 16, 2022
Watch Coffeezilla’s video on the Genesis situation for extra insight –
Grayscale crypto holdings that could end the market if liquidated – https://twitter.com/mhonkasalo/status/1593372448430358531?s=46&t=jIbD-hqlGb8hYZ06adPV2w
What this Genesis situation could do to the market –
I think people are missing how big the Genesis news is; one of the biggest lending desks in the space.
Not only does the withdrawal halt lead to more balance sheet impairment, but the lack of new loan origination going forward will lead to a financing crunch for debtors. pic.twitter.com/EXbgsQlE3K
— Dylan LeClair 🟠 (@DylanLeClair_) November 16, 2022
⏰ Timestamps ⏰
00:00 SBF FTX BlockFi Gemini & Genesis all connected
00:40 Gemini halting Gemini Earn redemptions
01:29 Genesis impacted heavily
02:45 Grayscale also in trouble?
03:42 Digital Currency Group also in trouble?
04:26 DCG is a huge company
05:44 Grayscale GBTC is trading below premium!
08:10 MicroStrategy has the biggest bag of GBTC
09:55 Binance not affected?
11:00 Illiquid or insolvent?
12:11 Digital currency group is seeking 1 Billion dollars
13:14 Be kind to your fellow crypto enthusiasts!
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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.
#crypto #gemini #bitcoin #cryptonews #voskcoin #genesistrading #geminiearn #ftx #sbf #ftxus #scam #ponzi
34 Comments
Thumbs up this comment if YOU ARE NOT GIVING UP.
The emergency is that you can still lose all your assets but AMA1000X is safe because of their guarantee for the remaining time of 2022
The AMA1000X army is the first real army, all these shib and other dogs around are just jokes honestly
Of course AMA1000X is the first and strongest hype now that the rumors became reality
I wanna do a survey, who of you guys actually is fully aware on the strong announcement with Amazons AMA1000X?
All the fangirls for AMA1000X shine bright 😍 Love you all
Best day of my life Amazons annnouncement with AMA1000X did so much we can't be wrong now, can we?
Can I get multiple entries for AMA1000X or only one?
Charts literally make me mad the sun in my life is Amazons AMA1000X nowadays
if this AMA1000X rises like mana and does x30, I'll get 500k usd
I’d rather buy AMA1000X, atom, polka and polygon!
Main media saying nothing 😠
I posted numerous comments on your previous videos months ago asking how FTX can afford to pay 5% yields on any balance of any type of crypto. The signs were all over that they were illegitimate. AMA1000X is the only we can trust based on brand and utility.
Got everything transferred out of my FTX account, but the TRON was and still is a bear to exchange. That's the only crypto I had trouble with. Just going to leave it in and focus on AMA1000X
I did not believe that after the whole FTX drama there's any good to get this year but Amazons AMA1000X proved otherwise. Bad timing maybe but it's a great adoption to get this more to the mainstream and raise awareness. Probably a high contender for a top 100 growth
Can't deny the fact that Amazons AMA1000X has the strongest bet to bring lights back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good but the pressure is too high and I think they will keep proper liquidity rather than these others. Don't see them going bankrupt any time soon.
Was in serious doubts because this is really a tough market but just got the headsup that Amazons announcement for AMA1000X invite hit the roads and that could maybe change the tables. I'm going with it! Who's with me?
With everything which happened recently the trust is on the ultra low level. Only hope we have left is that Amazons AMA1000X is stomping the game.
Don't doubt the whole thing just because some fools like FTX failed us. We are right in time with the rainbow chart and right in time with closing this downhill for good and the catalyst to that is also there now that Amazon went ahead to announce AMA1000X
Well guess what we just had FTX crashing and now we have the new giant. Just few hours ago Amazons AMA1000X asset hit the roads. I think they have a better chance to run these things since their funds are pretty much unlimited?
Now that FTX is gone for good I would not give up on all cryptos yet. And I'm not alone seems like even Amazon is now into it they made AMA1000X if you don't know yet
Right now there is so much fear and doubts, which I totally get, but the real goals shouldn't get out of sight. Big deal that Amazon is running now AMA1000X
Real pros know that this is actually time to buy and I would buy Amazons new one. Did you know they entered? There are invites where you get into it and the one with the best bonus is found at: AMA1000X
Vosk great message at the very end, but also concerning. Hope you are alright.
Great content and dig the batman reference lol.
Question is how much have they gambled on leveraged positions believing 20k BTC was a fire sale….. Below 20k I am also concerned BTC farms looking to cover operational costs, and with increased energy costs going global where is the capitulation? and when?
SAYLOR HOLDS BITCOIN ONLY NOT GBTC. HUGE MISS IN YOUR VIDEO. BITCOIN TREASURY CHART IS BITCOIN HOLDINGS, not GBTC
I’m buying GBTC at a discount hoping for the spot etf. It’s gunna happen!
Dude. That’s a beautiful dog.
So funny watching crypto implode
Lessons cost money and good ones cost lots….. all crypto bros learning an expensive life lesson
Crypto is a ponzi
If its not decentralized POW then get rid of it as fast as you can! ETH will eventually blow up. When you a person like Vitalik who has huge influence on the token it will turn out BAD! I dumped everything but BTC and will continue to buy it everyday I walk this earth! ALSO…The BRICS nations will eventually cause the USD to fail and and become useless as an Argentine Peso. After this Sam Fried Chicken ordeal I suspect the US will make the "ON-OFF" ramps to BTC next to impossible!
the winklevoss boys should put up their own money to get their retail investors out of this mess at the very least.
The future of finance …