4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC118: Deep Dive Aftermath of SBF and the FTX Disaster w/ Mark Goodwin (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Cryptocurrency - You're Not a Genius

The Genesis group was behind, they put up a billion dollars to be on the other side of this Bitcoin trade. Now we're seeing this contagion going through the Genesis group and 3 arrows is out. We're beginning to see a similar situation to FTX where it's what percentage of the Safu, the Safu Fund, is in BMB and in BUSD. That doesn't even come close to covering their actual liabilities if anything was to go down.

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