Podcast Episode Details

The Chopping Block: Why Gemini Users Are Mad at Genesis and DCG

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Episode 443

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Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news.

Show topics:

• Haseeb’s TL;DR of the ongoing situation between DCG, Genesis and Gemini
• whether DCG committed fraud because of a misrepresentation of its financials
• why DCG did Genesis a favor by absorbing the losses from exposure to Three Arrows Capital
• what's required to force an entity into bankruptcy 
• why Cameron Winklevoss would request Barry Silbert to step down as DCG CEO
• the SEC’s probe into the investors of FTX and whether the regulators will fine them
• whether there will be on-chain assets for trading FTX bankruptcy claims
• what Tarun thinks of the future of NFTs and what needs to be built for them to thrive
• why Robert thinks most NFTs are “hot garbage”
• what the value behind NFTs is and whether they need a utility 
• whether the massive layoffs are good for the industry and how many companies over-hired during the bull market

Hosts

• Haseeb Qureshi, managing partner at Dragonfly Capital
• Tarun Chitra, managing partner at Robot Ventures
• Robert Leshner, founder of Compound 
• Tom Schmidt, general partner at Dragonfly Capital

Links

DCG/Gemini:

• Unchained: 
• Gemini Ends Its Earn Program and Calls for Barry Silbert’s Ouster
• DCG Under Investigation by DOJ and SEC: Report
• Genesis CEO Says Firm Needs More Time to Find a Solution
• Previous coverage of Unchained on DCG and Genesis: 
• Gemini vs. DCG Is Heating Up. Could Gemini Force Genesis Into Bankruptcy?
• ‘The Last Big Whale’: Why the Crypto Contagion of 2022 Eventually Hit Genesis
• Adam Cochran on Why Crypto Prices Will Be Down Bad for the Next Six Months
• Is the Collapse of Crypto Lending Over, or Is It Just Starting?
• Genesis May Be Facing Bankruptcy. Could It Take DCG Down With It?
• Why Genesis Could Very Well Be Insolvent, Not Just Illiquid

FTX:

• Unchained: 
• DOJ Seizes $450M in Robinhood Shares from FTX
• Sam Bankman-Fried Pleads Not Guilty to All Charges

• Decrypt: FTX Restructuring Team Has Clawed Back $5B in Lo

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  Published on 2 years, 11 months ago