Chris Zuehlke, the Global Head of Cumberland and Partner at DRW, discusses at Consensus 2023 bitcoin, saying of its utility: "The cat's out of the bag. Bank deposits are risky in a way that people didn't understand."
The Chicago-based firm was listed among Genesis' creditors in the amount of $18 million, but Cumberland said that's too high. The document includes "misleading and incorrect information," Cumberland tweeted.