Genesis yet to enable customer withdrawals amid FTX contagion

Genesis yet to enable customer withdrawals amid FTX contagion
фото показано с : btcmanager.com

2022-12-8 12:34

Genesis, a US-based crypto lending platform, informed its customers that withdrawals might be halted for weeks while it develops a plan to avoid potential bankruptcy.

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Genesis Vision (GVT) на Currencies.ru

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Объем 24H $0
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Цена в час новости $ 1.2838 (-100%)

withdrawals genesis weeks halted might develops potential

withdrawals genesis → Результатов: 29


Are your funds safe? Crypto lending platforms continue to fall

Key Takeaways Genesis Capital have become the latest firm to get caught up in the crypto crash, suspending withdrawals yesterday Gemini soon followed, suspending withdrawals on their Earn product These are all yield -earning services, however – very different from FTX FTX’s biggest transgression was masquerading as an exchange while acting as a hedge fund, […] The post Are your funds safe? Crypto lending platforms continue to fall appeared first on CoinJournal.

2022-11-17 15:19


Фото:

$2.8B Crypto-Focused Lending Firm Genesis Halts Withdrawals Fearing A FTX-Induced Bank Run

Genesis Global Capital, the crypto lending unit for crypto investment bank Genesis Trading has decided to halt withdrawals in the wake of the FTX collapse. On Wednesday morning, Genesis held a 7-minute call with customers informing them that withdrawal requests for Genesis Capital had exceeded their liquidity capital.

2022-11-17 12:21


Фото:

FTX’s collapse:  Hayman Capital’s Kyle Bass says ‘there’s more to come’

FTX’s collapse is still causing reverberations across the crypto market, with the latest crypto news being Genesis’s lending business halting customer withdrawals. Kyle Bass, the founder and CIO of Texas-based asset management firm Hayman Capital Management, says FTX’s collapse could just be the beginning of even more turmoil and failures in the crypto sector.

2022-11-17 19:31