[Fido969]

executives at Genesis have spent the past several days asking investors for $1 billion in fresh capital, which has not yet materialized

Gee, I wonder why. Maybe he should offer free tickets to a Lakers game for every investor.

[Bookshelf]

Genesis and its subsidiaries are owned by Barry Silbert’s Digital Currency Group (DCG) which also owns the CoinDesk news platform. It was CoinDesk that first reported about the poor financial health of FTX.