- Following the demise of the cryptocurrency exchange FTX, Genesis Global Trading’s lending division Genesis Global Capital halted customer redemptions in its lending operation.
- Genesis revealed last week that the reason its parent company, Digital Currency Group, decided to invest $140 million in equity was due to the fact that its derivatives unit had around $175 million in locked funds in the FTX trading account.
After the FTX collapse, crypto lender Genesis stops accepting customer withdrawals.
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