RIPPLE SEEKS LICENCE

Court Documents Highlighted The

Genesis Lends $2.36 Billion to 3AC, Loses Money, CEO Michael

Bankrupt crypto lender Genesis has agreed to settle $1 billion in claims by defunct crypto hedge fund Three Arrows Capital (3AC) with a payment of $33 million, court

Court documents highlighted the 27 companies that Three Arrows Capital owed money to. The highest amount lent by any of them came from Genesis at $2.36 billion.

One Of The Creditors

Genesis Revealed With US$2.36 Billion Exposure To 3AC As Firm

Genesis previously loaned $2.36B to Three Arrows Capital

One of the creditors, Genesis Asia Pacific, is now revealed to have lent the crypto firm around US$2.36 billion, making it one of the claimants of the firm’s US$2.8 billion

Three Arrows Capital

Bankrupt Firm 3AC Owes Creditors $3.5B, Including $2.36B to

Three Arrows Capital (3AC), a cryptocurrency hedge firm that just filed for Chapter 15 bankruptcy in New York, received a $2.36 billion loan from Genesis. It required a

The report claims a division owned by the firm, Genesis Asia Pacific, granted an undercollateralized loan to 3AC. In June 2025, Genesis began a legal process to compel the

Previously

Genesis, Three Arrows Capital Reach Agreement on $1B of Claims

Previously, documents show that 3AC owes Genesis a loan debt of $2.36 billion. Additionally, they demonstrate how inadequately collateralized the debt is and how

Crypto lender Genesis lent $2.36 billion to Three Arrows Capital

According To The Street

3AC liquidators seek time, access to headquarters as Genesis

Earlier reports have stated that Genesis faced a potential nine-figure loss from its exposure to 3AC, but the exact size of the debt has not been reported until now.

According to The Street, 3AC’s biggest creditor, trader Genesis Asia Pacific, a subsidiary of Digital Currency Group, loaned 3AC $2.36 billion. Crypto lender Genesis gave

On Wednesday

How Crypto Hedge Fund 3AC Borrowed $2.3B From Genesis

Genesis Lends $2.36 Billion To 3AC, Which Filed Chapter 15

On Wednesday (August 17), full-service digital currency prime broker Genesis, a wholly-owned subsidiary of Digital Currency Group (DCG), announced that CEO Michael Moro is “stepping