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