Inside Sam Bankman-Fried ’s $1B bet on a bitcoin miner on the Kazakh Steppe

Just before crypto markets plunged last year, Sam Bankman-Fried‘s hedge fund made a $1 billion bet on Genesis Digital Assets, a Cyprus-registered bitcoin miner rigged to consume a small city’s worth of electricity in Kazakhstan. The cash injection from Mr. Bankman-Fried’s Alameda Research LLC was…#genesisdigital #hack #genesisdigitalassets #kazakh #sequoiacapital #genesisdigitals #anthonyscaramuccis #johnjrayiii #skybridgecapital #ftx
Source: Reuters: Health - Category: Consumer Health News Source Type: news