$630M Due Next Week: Is DCG at Default Risk? - Ep. 489

Published: May 5, 2023, 11 a.m.

The Genesis bankruptcy is about to take a high-stakes turn with a $630 million payment from\xa0Digital Currency Group (DCG) due by May 11. Barry Silbert\u2019s DCG, the parent company of Genesis, is on the hook for the massive payment, but doubts are swirling as to whether the crypto conglomerate can cover it. Lumida Wealth CEO Ram Ahluwalia joins the show to unpack what could happen to Genesis creditors, Gemini Earn users, and the markets\xa0should DCG fail to cover its debt obligations.\n\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.\nShow highlights:\n\nwhether DCG will be able to pay its debt to the Genesis bankruptcy estate\n\nthe ways DCG can \u201cplug the hole\u201d\n\nwhat the likelihood of DCG filing for bankruptcy is\n\nhow FTX\u2019s intent to claw back $3.9 billion from Genesis would affect DCG\n\nwhether Gemini Earn customers will be made whole\n\nwhy Ram says that asymmetric information has plagued the bankruptcy process\n\nwhether the creditors should accept the latest term sheet\n\nhow the Grayscale lawsuit against the SEC could impact DCG\u2019s cash flow\n\nThank you to our sponsors!\n\nCrypto.com\n\n\nRailgun DAO\xa0\n\nStader Labs\n\nGuest\nRam Ahluwalia, CEO & Founder of Lumida Wealth\n\nPrevious appearances on Unchained:\xa0\n\n\u200b\u200bGenesis May Be Facing Bankruptcy. Could It Take DCG Down With It?\n\nGemini vs. DCG Is Heating Up. Could Gemini Force Genesis Into Bankruptcy?\n\nHow Will the FTX Collapse Affect Silvergate? A Bear and a Bull Debate\n\nHow Is the Fed Going to Respond to the Banking Crisis?\n\nLinks\n\n\nUnchained: FTX Moves to Claw Back $3.9 Billion From Genesis\n\n\n\nReuters: Crypto group DCG says bankrupt unit Genesis' creditors renege on deal\n\n\nCoinDesk:\xa0\n\nGenesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization\n\nDCG's CFO Steps Down as Crypto Conglomerate Repays $350M Loan\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices