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Two Genesis creditors, BJ and Branden, who prefer to use pseudonyms for security reasons, spoke with Unchained about the alleged fraud by the crypto lender and its parent company, Digital Currency Group (DCG). The discussion is one of the first times Genesis creditors have spoken with a media organization about the situation.\n\xa0\nBJ and Branden explain how they gave more loans to Genesis after it took a $1.1 billion hit from the liquidation of Three Arrows Capital and how they then came to be members of the ad hoc group, a collective of Genesis customers who came together to try and save the company from bankruptcy.\n\xa0\nThey talk about how they now want DCG to pay back the $1.1 billion it owes over a shorter timeframe and to pay back any Bitcoin in actual Bitcoin. The discussion with Unchained followed shortly after New York Attorney General Letitia James filed a lawsuit against Genesis, along with its parent company Digital Currency Group, and Gemini Trust.\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.\nShow highlights:\n\nwhat NYAG Letitia James alleged in the lawsuit against Gemini, DCG, and Genesis\n\nhow BJ and Branden became creditors of Genesis, including the role of the influence of MicroStrategy's Michael Saylor\n\nhow Genesis claimed it got into what it called a \u201cliquidity mismatch\u201d\n\nhow, after the Three Arrows Capital collapse, BJ and Branden were reassured that Genesis had "no issues" and "was back to business"\n\nwhether the trading and lending units of Genesis were all part of the same company and why that distinction is important\n\nwhat the difference is between the ad hoc group and an unsecured creditors committee\n\nwhat the creditors are proposing in order to get their assets back\n\nwhy the creditors want to be paid in crypto, not in USD\n\nwhether the case will go to litigation and what Silbert can do to avoid it\n\n\xa0\nThank you to our sponsors!\n\nCrypto.com\n\nArbitrum Foundation\n\nPhemex\n\nPopcorn Network\n\nGuests:\n\nBranden, Creditor of Genesis\n\nBJ, Creditor of Genesis\n\nLinks\nPrevious coverage of Unchained on Genesis and DCG:\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\n$630M Due Next Week: Is DCG at Default Risk?\n\nNYAG Lawsuit\n\nUnchained: NY Attorney General Sues Crypto Firms Gemini, Genesis, and DCG for Over $1 Billion Fraud\n\n\nThe Block: DCG says it was 'blind sided' by NYAG suit in third quarter shareholder letter\n\n\nGenesis, Gemini, DCG disputes\n\nUnchained:\n\nGemini Says DCG Missed $630 Million Payment Last Week\n\nCameron Winklevoss Threatens to Sue DCG and Barry Silbert Over Delays in Genesis Resolution\n\nDCG Calls Gemini Lawsuit a \u2018Publicity Stunt\u2019 From Cameron Winklevoss\n\nDCG Calls Gemini\u2019s Complaint a PR Campaign in Motion to Dismiss Lawsuit\n\nFTX and Genesis Reach $175 Million Settlement, Resolving Complex Dispute\n\nDCG and Genesis Reach In-Principle Deal With Creditors\n\nGemini and Genesis Creditor Groups Object to In-Principle Deal to Resolve Bankruptcy\n\nGenesis Winds Down its US Spot Crypto Trading Operation\n\nGenesis Sues Parent Company DCG, Seeks Repayment of $600 Million\n\nDCG Proposes Remuneration Plan That Could Enable Gemini Earn Users to Be Made Whole\n\nGenesis Winds Down All Crypto Trading Services: Report\n\nGemini Pushes Back on DCG\u2019s Remuneration Proposal, Calling it an \u2018Attempt to Bait\u2019 Earn Users\n\n\xa0\nLearn more about your ad choices. Visit megaphone.fm/adchoices