Genesis Faces ‘Hundreds of Millions’ in Losses and Three Arrows Capital’s Troubles Deepen
The most valuable crypto stories for Thursday, June 30, 2022.
ABOUT
“The Hash” team discusses today’s top stories including Grayscale’s lawsuit against the U.S. Securities and Exchange Commission over its bitcoin spot ETF rejection and Genesis’s ginormous loss, partly due to Three Arrows Capital exposure.
See also:
Grayscale Sues SEC Over Bitcoin ETF Application Rejection
Genesis Faces ‘Hundreds of Millions’ in Losses as 3AC Exposure Swamps Crypto Lenders: Sources
Singapore Central Bank Censures Three Arrows Capital for Alleged Misleading and False Disclosures
OpenSea Reports Email Data Breach
This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
HOSTS
George Kaloudis was a senior research analyst and columnist for CoinDesk. He focused on producing insights about Bitcoin. Previously, George spent five years in investment banking with Truist Securities in asset-based lending, mergers and acquisitions and healthcare technology coverage. George studied mathematics at Davidson College.

Ali Powell is CoinDesk's senior video producer.

Sandali Handagama is CoinDesk's deputy managing editor for policy and regulations, EMEA. She is an alumna of Columbia University's graduate school of journalism and has contributed to a variety of publications including The Guardian, Bloomberg, The Nation and Popular Science. Sandali doesn't own any crypto and she tweets as @iamsandali

Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.

Jennifer Sanasie is an executive producer and senior anchor at CoinDesk, with over a decade of journalism experience across the U.S., Canada, and South Africa. Beyond media, she has worked closely with Web3 companies on marketing, content, and business strategy.
Jennifer holds an MBA from the Rotman School of Management, a Master of Laws in Innovation and Technology from the University of Toronto, a BA in Media Studies from the University of Guelph, and a Journalism Diploma from Humber College.
She owns BTC, ETH, SOL, USDC, USDT, G7, and DCNT. She also holds a mix of NFTs, altcoins and memecoins worth under $1,000.

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