Would a Genesis/DCG Deal With Creditors End the Crypto Contagion?

According to sources, an in-principle agreement has been reached.

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ABOUT

Today on “The Breakdown,” NLW catches up on 2022 fallout, including:

The White House letter about crypto from last week
FTX hearing on whether to appoint an independent examiner
Binance temporarily suspending USD deposits and withdrawals
Reports of an agreement between Genesis/DCG and major creditors

(Genesis and CoinDesk are both subsidiaries of DCG.)

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: A Mokhtari/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.