Genesis Expected to File for Bankruptcy

According to multiple media reports, the ongoing liquidity crunch at crypto lender Genesis is proving insurmountable and the company is preparing to file for bankruptcy as soon as this week. Ash Bennington is joined by Mike Alfred, the managing partner and founder of Alpine Fox LP, to discuss the potential impact on Genesis, its creditors, parent company Digital Currency Group and the wider market. Plus, they also talk about DCG-owned CoinDesk reportedly eyeing a sale, Binance being named in a U.S. enforcement action against crypto exchange Bitzlato, and OKX publishing its latest proof of reserves. Learn more about your ad choices. Visit podcastchoices.com/adchoices