'Regulators are not going to save us,' B2C2Group Founder maxboonen argues. 'I believe much more in private market solutions,' he adds, as the firm is offering to buy loans from GenesisTrading's lending unit:
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Crypto Lender Genesis Suspends Withdrawals: FTX Collapse Created 'Unprecedented Market Turmoil'The crypto firm with some $3 billion in loan volume is the latest to suspend customer withdrawals.
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Crypto Market Slides After Genesis Withdrawal Halt, and Big Investors Hunt for BargainsBitcoin ($BTC) and other digital assets extended losses Wednesday after the announcement that Genesis was temporarily halting redemptions and new loan originations, but institutional interest will remain helenebraunn _jocelynyang_ report
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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.
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Crypto broker Genesis suspends loan redemptions; Bankman-Fried, celebrities suedCrypto lender Genesis Global Capital suspended redemptions on Wednesday citing the failure of crypto exchange FTX, while court papers showed FTX founder Sam Bankman-Fried faces legal action, as its sudden collapse ripples across the industry.
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Crypto firms rush to allay Genesis contagion fears as stocks craterSeveral crypto stocks traded down throughout the day on Wednesday, while crypto bank Silvergate bucked the trend.
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Crypto lender Ledn says it has no exposure to GenesisThe Canadian crypto lender says it stopped having any relationship with the troubled Genesis crypto lending unit after October.
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