Genesis Global Trading, a famous crypto borrower, applied for bankruptcy protection in the UK on January 20, becoming the latest company to declare bankruptcy after the bankruptcy of FTX. However, the focus of the encryption community has already shifted to many companies with high risks with the borrower.

A result shows that there are nine encryption companies associated with Genesis, including Gemini, Bybit, VanEck, Decentraland and other companies. Bybit CEO Ben Zhou answered this report quickly this week and clarified that Bybit did use its investment department Mirana to bring a US $150 million risk exposure to this failed crypto loan company.

Zhou stressed that Mirana only managed a part of Bybit's property. It is reported that Mirana has settled its pledge trading position with a risk exposure of about $151 million, about $120 million. He ensures that customer assets are separated and that Bybit's money-making goods cannot use Mirana.

Although many people expressed their appreciation for the efficient clarification of the founder, many others gave a lot of difficulties to the clarification, especially for the revenue goods of the company.

One user asked for full disclosure of how profitable goods can better generate profits. Another customer doubts the relationship between them and Mirana, and knows whether they have used similar countermeasures to FTX/Alameda.

Due to the inconvenience that Genesis 1 is widely known, others are puzzled about the time period of inspiration. Some of the largest credit institutions, such as Gemini, have been taking the initiative to take action against the Digital Currency Group, the parent company of Genesis. A customer wrote,

"Only when you are grasped can you tweet 'full disclosure', which will automatically refute your statement. That is' full disclosure ', ByBit said two months ago."

Many others need to provide the confirmation of the transaction between Bybit and Marina to ensure its security. At the same time, the FTX management has issued similar statements in the past.

CoinTelegram contacted Bybit and looked forward to learning about its money-making plan and giving some street problems, but could not get a reply by the time of publishing.