Analyse Asia with Bernard Leong

Genesis' potential insolvency & FTX collapse with Cosmo Jiang

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Dec 22, 2022
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INSIGHT

Long-Term Crypto Resilience

  • Cosmo Jiang argues the FTX and Genesis failures won't derail crypto's long-term innovation arc.
  • He highlights Ethereum's trustless layer and tokenized capital as paradigm shifts that persist.
ANECDOTE

Withdrawing Early From FTX

  • Cosmo describes withdrawing his funds from FTX early after rumors surfaced and avoiding material losses.
  • He credits constant monitoring and quick action for protecting his fund and investors.
INSIGHT

Alameda-Funded Exchange Conflict

  • Alameda seeded FTX liquidity and held special privileges that created conflicts of interest.
  • Those ties and Alameda's losses ultimately exposed FTX to a run and collapse within days.
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