Genesis Suspends Withdrawals After FTX Collapse
•Genesis, a crypto lender, pauses withdrawals after FTX’s collapse drives “abnormal withdrawal requests.” • According to the Wall Street Journal, Genesis tried to raise a $1 billion loan from investors to avoid the liquidity crunch. • The company said that it needed the credit by 10 am this past Monday, but didn’t receive it. • … Continue reading Genesis Suspends Withdrawals After FTX Collapse
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