Jacky Huang's Blog

  Digital Currency Group (DCG) was founded by Barry Silbert and is the parent company of Genesis Global Capital (Genesis) and Grayscale Investments, LLC (Grayscale). After both 3AC and FTX filed for bankruptcy, DCG has been at the centre of the storm because of its huge exposure to both companies. According to Bloomberg's report, Genesis is actively seeking fresh funds and is potentially facing bankruptcy if there's no new funding. If you want to know the background or history of DCG, you have review Deep Dive's analysis : https://thedeepdive.ca/the-digital-currency-group-debacle-explained/. Basic Structure of Digital Currency Group from the Deep Dive At first, I want to do some due diligence because I am discussing with my friends whether Grayscale will collapse or not. With the on-chain data forensics, I believe that Grayscale has enough bitcoin reserves. However, the liability of DCG and Genesis is way more complicated than we had expected, and since they are exposed to ...

Although Three Arrows Capital Pte Ltd (3AC) has filed Chapter 15 bankruptcy protection on July 1, 2022, there are still regular activities in their crypto wallets. Who has been controlling the wallet addresses? Are they Su Zhu and Kyle Davies? I have been tracing 3AC's wallet since 2021, the followings are some of my findings. Has 3AC been selling their tokens? The major 5 wallet addresses of 3AC are: 0x8e04af7f7c76daa9ab429b1340e0327b5b835748 , with a value of US$2,370,131; 0xefa73f3858392565e1566b70caa27ce79337a2c3 , with a value of US$14,411,069;  0x085af684acdb1220d111fee971b733c5e5ae6ccd , with a value of US$7,538; 0x3ba21b6477f48273f41d241aa3722ffb9e07e247 , with a value of US$562,594 ; 0x6038d7d281afb5150baf10518b8e26753fdf1a56, with a value of US$120. The total value of the crypto-assets in these 5 wallets are worth 117.4 millions US Dollars. Among the above wallets, 0 xefa73f3858392565e1566b70caa27ce79337a2c3 and 0x8e04af7f7c76daa9ab429b1340e0327b5b835748 are s...