Crypto broker Genesis halts withdrawals
FT News Briefing
00:00
Financial Turmoil and Corruption Scandals Unveiled
This chapter explores the financial instability faced by the crypto broker Genesis due to its ties with FTX and Three Arrows Capital, illustrating the interconnectedness of crypto failures. It also addresses a significant corruption scandal in Iraq involving the theft of over $2 billion from the tax authority, revealing the public outrage and the complexities of political collusion behind the scandal.
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