Genesis Block: FTX had more than prostitutes in Thailand
Sam Bankman-Fried's trading desk empire extended all the way to Thailand through Genesis Block Thailand, a branch of the Hong Kong desk.
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Sam Bankman-Fried's trading desk empire extended all the way to Thailand through Genesis Block Thailand, a branch of the Hong Kong desk.
Read more (3 min) →FTX wants to claw back $2B given to GGC by SBF's Alameda Research and more than $1.62B that was withdrawn from FTX before it went bust.
Prior to the bankruptcy, many Genesis creditors said they still believed they'd be able to get all or most of what they had deposited back.
If Genesis fails, $350 million of the $600 million owed to Todd Boehly's Eldridge would become due, according to the terms of the loan.
Bitvavo is due up to $300 million after Bahamas-based FTX collapsed, leaving Genesis Trading and Digital Currency Group owing $1.8 billion.