The Chopping Block: Why Gemini Users Are Mad at Genesis and DCG - Ep. 443

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 Lost Assets

Previous episodes of The Chopping Block on FTX:

The Chopping Block: Can Exchange CEOs Like SBF Be Crypto True Believers?

The Chopping Block: FTX: The Biggest Collapse in the History of Crypto?

The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater

The Chopping Block on FTX/Alameda: Is Sam Bankman-Fried 'Crypto Kanye'?

The Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He?

The Chopping Block: Was FTX a Scam From the Very Beginning?

Layoffs:

Unchained:

Coinbase Lays Off 950 Employees Amid Market Conditions

Genesis Considers Bankruptcy and Cuts Another 30% of Staff: Report - Unchained Podcast

Bloomberg: Silvergate (SI) Tumbles After FTX Implosion Prompts $8.1 Billion Bank Run

Why We Missed On Inflation, and Implications for Monetary Policy Going Forward | by Neel Kashkari
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