
Nexo Raided, SBF Lies, and Genesis and Gemini Charged
Crypto Critics' Corner
00:00
Is This Going to Accelerate a Possible Bankruptcy for Genesis?
I wonder if this is going to accelerate a potential declaration of bankruptcy for Genesis because they've been effectively kicking that can since November when they closed withdrawals, right? And so it seems possible, probable to me that this ongoing engagement with the SEC may finally embolden enough creditors that will see them actually file for bankruptcy. I don't know when that's necessarily the case, but maybe. Well, like we've kind of talked about this before with Genesis and like other lenders is there is in theory a gap between like a liquidity crisis and a solvency crisis,. It is possible for a lender to become illiquid, but still be solvent if the duration on their debts gets mismatched.
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