Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model
![Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model](https://cryptoinvestment.at/wp-content/uploads/2022/06/contagion-genesis-faces-huge-losses-blockfis-1b-loan-celsiuss-risky-model.jpg)
A leaked investor call from Morgan Creek Digital suggests BlockFi liquidated 3AC for $1 billion, while Celsius reportedly maintained a highly risky assets-to-equity ratio last year that may have caused its recent liquidity woes.