dChan
Anonymous ID: 2e4c00 June 22, 2023, 4:20 a.m. No.19051053   🗄️.is 🔗kun   >>1179 >>1358 >>1455 >>1484

Genesis (Biblical) Bankruptcy

 

"C. Were the transactions between HQCM and GGC misstated in the SOFA?

 

Yes. It has come to the Committee’s attention that there are outstanding questions regarding historical balances reported in the SOFA. The SOFA filed by the Debtors incorrectly stated that HQCM had originated a ~$100 billion loan to GGC, which GGC then repaid one month later. The figure was overstated by 1000x, or ~$99.9 billion–the correct figure is ~$100 million."

 

Might be nothing, but WTF?

 

HQ CASH MANAGEMENT FUND LIMITED PARTNERSHIP was registered on Nov 15, 2021 as a limited partnership type company located at 1209 ORANGE STREET, WILMINGTON, DE, 19801, UNITED STATES . The agent name of this company is: Secretary of State , and company's status is listed as ACTIVE now.

https://www.ctcompanydir.com/companies/hq-cash-management-fund-limited-partnership/

 

This is interesting:

https://disclosurequest.com/form/hq-enhanced-yield-fund-lp/0001885433-22-000003

Managing Member of the General Partner and the Investment Manager

Alana Ackerson

Bio:

CEO of Thiel Foundation

https://cdn.cfr.org/sites/default/files/pdf/Ackerson%20Bio.pdf

Current Member of Council on Foreign Relations

https://www.linkedin.com/in/alanaackerson

Among other things, founder of a woke AF financial services company: https://www.linkedin.com/company/figuretechnologies

As well as a seminarian from some woke progress flag theology schools

 

The other Managing Member of the General Partner and the Investment Manager from the link above:

https://www.linkedin.com/in/jennifermitrenga

similar background. Seems they've been co-founding lots of things.

 

Bombshell thread on DCG insider dealing: https://twitter.com/DataFinnovation/status/1665290945288445953

Moar: (paywall) https://medium.com/chainargos/the-dcg-debacle-deciphered-daf353e171bb

Free summary: https://medium.com/chainargos/dcg-filings-analysis-b96818abfec

Anonymous ID: 2e4c00 June 22, 2023, 5:01 a.m. No.19051179   🗄️.is 🔗kun   >>1358 >>1455 >>1484

>>19051053

>Managing Member of the General Partner and the Investment Manager

 

>Alana Ackerson

 

>Bio:

 

>CEO of Thiel Foundation

 

So, Barry Silbert's DCG owned a private fund that managed his money and took insider loans from another DCG company, Genesis…and HQCM custodied this $3.5B+ at SILICON BANK.

 

Wasn't it Peter Thiel himself that "warned his portfolio companies" to get the fuck out of SVB? That's helpful if the CEO of the Thiel Foundation is also the Managing Member of the GP on the subsidiary fund owed by a parent company which owns another internally dealing prime broker which is blowing the fuck up…

Anonymous ID: 2e4c00 June 22, 2023, 5:57 a.m. No.19051385   🗄️.is 🔗kun   >>1425 >>1430 >>1467

>>19051358

>who is "c" ?

>what committee?

I'm one of the creditor's from the Genesis bankruptcy.

There is an Unsecured Creditor's Committee that is representing one of the classes in the case. They update me regularly. FAQ 79 is the reference.

https://cases.ra.kroll.com/GenesisCreditorsCommittee/Home-DocketInfo?DocAttribute=7586&DocAttrName=UCCFAQS_Q&MenuID=19673&AttributeName=UCC%20FAQs%20(USE)

 

C is just item C. from that document.

 

I just sent them an email. They may be aware of what I said…and more. But I want to make sure they are aware of these things. They can't talk about what's going on in discovery, but holy fuck. The tentacles are expanding. It's a much much bigger story than just the crypto stuff and the short list of companies, even FTX, I am starting to think.

Anonymous ID: 2e4c00 June 22, 2023, 6:06 a.m. No.19051430   🗄️.is 🔗kun   >>1455 >>1484

>>19051385

>>19051358

>>19051425

https://twitter.com/DataFinnovation/status/1665290945288445953

https://medium.com/chainargos/dcg-filings-analysis-b96818abfec

 

Summaries above.

 

Basically, Barry Silbert, CEO of DCG, umbrella company of Genesis and Greyscale knew the GBTC trade was exploding, so he took out $1B from Genesis, which forced them to clawback from 3AC, which blew up the whole thing, blamed it on Terra Luna and now Do Kwan is in jail. I haven't pulled on that thread much. Barry filled the gap by offering a promissory note in exchange. Meanwhile, he self-deals the returned funds into another DCG owned entity that itself takes loans from Genesis, which is then custodying and taking loans at SVB which collapses because Peter Thiel causes a run on that bank. The interesting bit is that the Managing CEO of the DCG fund of funds is an ex-CEO of the Thiel Foundation and CFR Member, among other things.