What did Genesis do after 3AC's Margin Call?

However, once 3AC were found incapable of meeting said margin call, Genesis immediately sold the collateral and hedged their downside. “Genesis has a range of business lines including trading, lending, derivatives, and custody services.

How much did Genesis lend to 3AC?

The 27 companies on the list cumulatively lent $3.5 billion to 3AC, out of which $2.36 billion came from Genesis Asia Pacific Pte alone. Part of the Digital Currency Group (DCG), Genesis’ CEO Michael Moro, had clarified the situation the company was in earlier this month itself.

What is a 3 phase AC generator?

The principles of a three-phase (3φ) AC generator are the same as a 1φ AC generator except that there are three equally spaced armature windings 120° out of phase with each other. See Figure 2. The output of a 3φ AC generator results in three output voltages 120° out of phase with each other. Figure 2.

How much money does 3AC owe?

According to Teneo, the company hired to oversee 3AC’s liquidation recently published the court documents which highlight the companies and the total money Three Arrows Capital owed to them. The 27 companies on the list cumulatively lent $3.5 billion to 3AC, out of which $2.36 billion came from Genesis Asia Pacific Pte alone.