🚨 BREAKING 🚨
CRYPTO GIANT GENESIS SUSPENDS WITHDRAWALS, ORIGINATIONS IN LENDING BUSINESS
— GURGAVIN (@gurgavin) November 16, 2022
Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse
The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.