Sources: Digital asset trading company Genesis may face "hundreds of millions" of dollars in losses, partly due to exposure to 3AC and Babel Finance (CoinDesk)


CoinDesk

Sources: Genesis digital asset trading firm may face “hundreds of millions” of dollars in losses, in part from exposure to 3AC and Babel Finance— The trading behemoth owned by DCG is said to have suffered a nine-figure loss, in part from exposure to Three Arrows Capital and Babel Finance.