- Executives at Genesis had early access to FTX crypto tokens at discounted rates.
- The access was offered by Sam Bankman-Fried, who is accused of theft of customer assets from FTX.
- Genesis collapsed in January and is now in bankruptcy.
- Genesis is FTX and Alameda’s biggest creditor and is owed $226mn.
- The tokens were later sold to retail investors for a profit.
Cheap FTX crypto tokens were offered to Genesis executives
Major lender was able to invest at a discounted rate before tokens were issued to public
Nikou Asgari
