Crypto lender Genesis Trading reportedly faces ‘hundreds of millions’ in potential losses from exposure to Three Arrows Capital and others
Cryptocurrency market maker and lending firm Genesis Trading is facing potential losses into the “hundreds of millions,” according to three people familiar with the matter. The losses at Genesis relate in part to exposure to over-leveraged hedge fund Three Arrows Capital and Hong Kong-based crypto lender Babel Finance and are on the order of “a few hundred million dollars,” one of the people said.
