Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a $350M loan repayment to Todd Boehly's Eldridge
as always, thanks for reading and follow me here Tweets: Katie Martin / @katie_martin_fx : Genesis failure would land owner with $350mn payout to financier Todd Boehly @nikasgari here on crypto, Chelsea FC, and the stuff in between: https://www.ft.com/... Nikou Asgari / @nikasgari : New: Chelsea FC owner Todd Boehly's $350mn loan to crypto group DCG would be immediately due if Genesis goes bankrupt. It adds to the cascading cash demands on DCG and struggling Genesis https://giftarticle.ft.com/... @eileenb : It seems like financial wobble after financial wobble is affecting exchanges everywhere. Worrying for investors for sure... https://twitter.com/... @slbsn : Or, more accurately, one of his investment vehicles could be *potentially* losing $600m in a potentially insolvent crypto loan https://twitter.com/...