Crypto broker Genesis Global Trading, has filed a $1.2 billion claim against the now insolvent Three Arrows Capital, according to a 1,157-page court filing uploaded by bankruptcy trustee Teneo. Genesis’s parent company, Digital Currency Group, has assumed some of Genesis’s liabilities in the case, although it was unclear how much of those liabilities now remained with the crypto broker. (CoinDesk is a subsidiary of DCG).
Source: https://www.coindesk.com/business/2022/07/18/genesis-global-issued-236b-in-undercollateralized-loans-to-three-arrows-capital/?utm_medium=referral&utm_source=rss&utm_campaign=headlines