The lending arm of crypto broker Genesis Global Trading says it has suspended its redemptions and new loan originations following the collapse of crypto market FTX.
"Our #1 priority is to serve our clients and preserve their assets. Therefore, in consultation with our professional financial advisers and counsel, we have taken the difficult decision to temporarily suspend redemptions and new loan originations in the lending business," Genesis Trading declared.
The company says it is now working with advisers to "explore all possible options" and will deliver a plan for its lending business next week. Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, during an interview on"Bloomberg Wealth" with David Rubenstein in New York, Aug. 17, 2022.
"We would like to emphasize that Genesis Global Trading, our broker/dealer that holds our BitLicense, is independently capitalized and operated – and separate from all other Genesis entities," it tweeted, adding that "We’re working tirelessly to identify the best solutions for theAs of Q3 2022, Genesis says it has $2.8 billion in total active loans.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Crypto Lender Genesis Suspends Withdrawals After FTX CollapseThe swift demise of FTX created unprecedented turmoil for Genesis, causing the company’s lending arm to be unable to meet all withdrawal requests, the company told clients.
続きを読む »
Genesis lending unit halts withdrawals in aftermath of FTX collapseThe lending arm of the crypto investment bank Genesis Global Trading is pausing new loan originations and redemptions.
続きを読む »
Genesis halting customer withdrawals after FTX, 3AC collapses: CoinDeskGenesis Interim CEO Derar Islim provided an update on the state of its lending business on a client call, according to CoinDesk.
続きを読む »
Crypto Lender Genesis Suspends Withdrawals: FTX Collapse Created 'Unprecedented Market Turmoil'The crypto firm with some $3 billion in loan volume is the latest to suspend customer withdrawals.
続きを読む »
Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX CollapseJUST IN: The lending arm of GenesisTrading plans to halt customer withdrawals. The unit discussed the matter with its institutional customers in a call on Wednesday morning. By NelWang
続きを読む »