Bybit CEO Offers Readability On Exposure To Genesis, But Community Requires More

Genesis Global Trading, a infamous crypto lender, filed for Chapter 11 chapter safety in New York on Jan. 20, turning into the most modern company to uncover chapter within the wake of FTX’s give method. On the alternative hand, the point of curiosity of the crypto community has shifted toward other corporations that had exposure to the lending company.

One chronicle truly handy that a total of 9 crypto corporations had exposure to Genesis, including Gemini, Bybit, VanEck, Decentraland and others. Bybit CEO Ben Zhou modified into rapid to acknowledge to the experiences and clarified that Bybit indeed had $150 million exposure to the bankrupt crypto lender by capacity of its funding arm Mirana.