Genesis Lending Arm Halts Withdrawals Following FTX Bankruptcy
The implosion and eventual bankruptcy of crypto exchange FTX claims another–this time, it’s the lending arm of crypto investment bank Genesis Global Trading. The lending unit Genesis Global Capital is temporarily freezing redemptions and new loan originations, Interim CEO Derar Islim informed customers on a teleconference Wednesday. The redemption halt is due to withdrawal requests … Continue reading Genesis Lending Arm Halts Withdrawals Following FTX Bankruptcy
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