Genesis Creditors Now Involve 2 Decentraland Founders Ordano And Meilich
Key Points:
- Esteban Ordano and Ari Meilich, co-founders of Decentraland, were named as Genesis creditors that invested in Genesis Global.
- Heliva International, to whom Genesis Global owes $55 million, has designated Decentraland CFO Santiago Esponda as a point of contact.
Three of the CEOs and creators of the virtual reality platform Decentraland are among the 50 largest Genesis creditors, the cryptocurrency lender that on Thursday filed for bankruptcy.
Santiago Esponda, the CFO of Decentraland, attracted notice because his Decentraland email address appeared in court documents as the point of contact for Heliva International, a Panama-based business that Genesis owes $55 million.
But a closer examination reveals that the documents also mention the two co-founders of Decentraland using email addresses that are not associated with Decentraland.
The contact for a company called Winah Securities is described as Esteban Ordano, a co-founder of Decentraland who currently serves as an adviser. Winah, which is situated on the same level and in the same building as Heliva, owes over $27 million to Genesis. According to Ordano, Winah and Decentraland have no connection.
Big Time Studios, a gaming firm, is due $20 million. Ari Meilich, another co-founder of Decentraland, is in charge of it. He launched Big Time in 2020, yet he is still an advisor to Decentraland. Meilich opted not to respond.
Another connection to Decentraland is provided by the credit business Ripio, which is registered in the Cayman Islands and introduced a mortgage service for buying virtual land in Decentraland in 2018.
Genesis Global, the lending division of the Genesis brokerage owned by Digital Currency Group, filed for bankruptcy protection late yesterday. Following the demise of FTX, a massive cryptocurrency exchange, the company locked client cash in November.
Coincu reported yesterday that FTX.com and its affiliates revealed that Genesis Global Capital, with bonds totaling $226.3 million dollars, had become the largest unsecured creditor.
It has been previously asserted that the top 50 creditors of FTX, together have a total debt of around $3.1 billion dollars, however, the specific information on the other creditors has not yet been made public.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
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Genesis Creditors Now Involve 2 Decentraland Founders Ordano And Meilich
Key Points:
- Esteban Ordano and Ari Meilich, co-founders of Decentraland, were named as Genesis creditors that invested in Genesis Global.
- Heliva International, to whom Genesis Global owes $55 million, has designated Decentraland CFO Santiago Esponda as a point of contact.
Three of the CEOs and creators of the virtual reality platform Decentraland are among the 50 largest Genesis creditors, the cryptocurrency lender that on Thursday filed for bankruptcy.
Santiago Esponda, the CFO of Decentraland, attracted notice because his Decentraland email address appeared in court documents as the point of contact for Heliva International, a Panama-based business that Genesis owes $55 million.
But a closer examination reveals that the documents also mention the two co-founders of Decentraland using email addresses that are not associated with Decentraland.
The contact for a company called Winah Securities is described as Esteban Ordano, a co-founder of Decentraland who currently serves as an adviser. Winah, which is situated on the same level and in the same building as Heliva, owes over $27 million to Genesis. According to Ordano, Winah and Decentraland have no connection.
Big Time Studios, a gaming firm, is due $20 million. Ari Meilich, another co-founder of Decentraland, is in charge of it. He launched Big Time in 2020, yet he is still an advisor to Decentraland. Meilich opted not to respond.
Another connection to Decentraland is provided by the credit business Ripio, which is registered in the Cayman Islands and introduced a mortgage service for buying virtual land in Decentraland in 2018.
Genesis Global, the lending division of the Genesis brokerage owned by Digital Currency Group, filed for bankruptcy protection late yesterday. Following the demise of FTX, a massive cryptocurrency exchange, the company locked client cash in November.
Coincu reported yesterday that FTX.com and its affiliates revealed that Genesis Global Capital, with bonds totaling $226.3 million dollars, had become the largest unsecured creditor.
It has been previously asserted that the top 50 creditors of FTX, together have a total debt of around $3.1 billion dollars, however, the specific information on the other creditors has not yet been made public.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Thana
Coincu News
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