The Chopping Block: Will Genesis Creditors Be Made Whole? - Ep. 447

Unchained

Laura Shin

Tech News, Business News, News

4.6 • 1.3K Ratings

🗓️ 25 January 2023

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, they covered: why the markets were up so much recently how and why Genesis entered into bankruptcy why the hole in DCG's financials are potentially much bigger than previously reported the differences between the bankruptcies of FTX and Genesis whether 3AC founders Su Zhu and Kyle Davies will find success with their new exchange what will happen to GTBC now that a huge portion has already been liquidated whether Tarun is predicting "the start of a new supercycle" the large percentage of vested SOL held by the FTX estate how SBF is still trying to win the public Hosts Haseeb Qureshi, managing partner at Dragonfly Capital Tarun Chitra, managing partner at Robot Ventures Robert Leshner, founder of Compound Tom Schmidt, general partner at Dragonfly Capital Links Disclosures Genesis: Bloomberg: FTX Bankruptcy Judge Backs Company Law Firm, Rejects Last Minute ‘Rumors’ CoinDesk: Crypto Lender Genesis Global Capital Is FTX's Largest Unsecured Creditor Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure CNBC: Crypto firms Genesis and Gemini charged by SEC with selling unregistered securities Crypto publication CoinDesk hires Lazard to explore sale as crisis deepens at parent company DCG Unchained: Is Genesis’s Prepackaged Bankruptcy The Ultimate Sacrifice? Gemini Ends Its Earn Program and Calls for Barry Silbert’s Ouster DCG Under Investigation by DOJ and SEC: Report Genesis CEO Says Firm Needs More Time to Find a Solution FTX: Unchained: SBF Says Excel Spreadsheet Proves FTX US Is Solvent WSJ: New FTX Chief Says Crypto Exchange Could Restart The Block: FTX debtors identify $5.5 billion of liquid assets in ’Herculean effort’ 3AC/GTX: Unchained: 3AC Founders Are Raising $25M for ‘GTX’ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Not a dividend. It's a tale of two puns.
0:02.4	Now, your losses are on someone else's balance.
0:05.0	Generally speaking, air drops are kind of pointless anyways.
0:07.7	I made the trading firms who were very involved.
0:10.6	I like that heat of the ultimate problem.
0:12.8	DeFi protocols are the antidote to this problem.
0:16.6	All right. Hello, everybody. Welcome to the chopping block.
0:19.0	Every couple of weeks, the four of us get together
0:20.7	and give the industry insiders perspective
0:22.4	on the crypto topics of the day.
0:24.2	So, quick intros. First, we've got Tom,
0:25.8	the DeFi Maven and Master of Memes.
0:28.0	Next up, we've got Robert, the crypto connoisseur,
0:29.8	and Captain of Compound.
0:31.4	Then we've got Turun, the Gigabrain, and Grand Puba at Conlet.
0:34.6	And finally, you've got myself.
0:35.7	I'm a Seabed, the head height man at Dragonfly.
0:38.0	All four of us are early stage investors in crypto.
0:40.0	But I want to caveat that nothing we say here
0:41.6	is investment advice, legal advice, or even life advice.
0:44.7	Please see chopping block.xyz for more disclosures.
0:48.8	All right. So, it has been an interesting week
	...

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