# Who nukes the market

**Published by:** [xuanling11](https://paragraph.com/@xuanling11/)
**Published on:** 2022-11-21
**URL:** https://paragraph.com/@xuanling11/who-nukes-the-market

## Content

Bad news, guys! The crypto market is about to be nuked by... https://twitter.com/Ishanb22/status/1594453238455341056 DCG or Digital Currency Group, which owned most of the Bitcoin in their portfolio, failed in their investment management. https://twitter.com/ramahluwalia/status/1594437184437764098 The market is about to know what is exactly going on in Genesis Trading with $1B at least hole. https://twitter.com/mayazi/status/1594325042183405568 If DCG leveraged their portfolio through Grayscale trusts and lent money to Genesis, and then all money was gone, this is another FTX disaster of their own issued token $FTT that cannot be redeemed when the market finds out. Someone did confirm around 50% truth about their Bitcoin holdings under Coinbase. https://twitter.com/ErgoBTC/status/1594308379182305280 But their "trust me, bro" vibe got everyone nervous. https://twitter.com/Grayscale/status/1593737739442200578 It gives everyone a Deja Vu that SBF gave everyone before FTX collapsed... https://twitter.com/SBF_FTX/status/1590012126701441025 The way crypto lending business was conducted is very questionable. https://twitter.com/FatManTerra/status/1594453328393633792 We will see how it plays out for the next week... Photo by Ant Rozetsky on Unsplash

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