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The Breakdown, With NLW

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

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

February 6, 2023
Listen on:
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Secure Your Seat

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.)

See also: Bankrupt Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors: Source

“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.

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