12min chapter

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Two Genesis Creditors Describe Their Frustrations With the Bankrupt Crypto Lender - Ep. 565

Unchained

CHAPTER

Chaos in Communication: The Genesis Saga

This chapter explores the complexities and frustrations faced by creditors navigating the intricate structure of Genesis Capital and Genesis Trading during a tumultuous period. The speakers share their experiences with the confusion stemming from overlapping roles and poor communication, exacerbated by the separate handling of bankruptcy proceedings. The discussion highlights the liquidity issues and the efforts of an ad hoc group of creditors trying to assist the struggling lender while uncovering deep financial discrepancies.

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