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Crypto Dominoes: Genesis Suffers Ginormous Loss From 3AC Exposure

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As the collapse of Three Arrows Capital sends shockwaves across the crypto lending industry, cryptocurrency market maker Genesis Trading is facing potential losses into the “hundreds of millions.” “The Hash” group discusses what this means for the broader digital asset ecosystem and draws similarities with the 2008 financial crisis.

#cryptocurrency #digitalfinance #finance #bitcoin #crypto
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CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community.

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