Crypto lender Genesis was seeking an emergency loan of $1 billion from investors before it told clients it was suspending redemptions this week, as the shockwaves from FTX’s collapse continue to reverberate through the crypto industry
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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.
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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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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 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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Prominent Crypto Market Maker B2C2 Offers to Buy Loans From Genesis' Crypto-Lending UnitMarket maker B2C2 is offering to buy loans from the crypto-lending unit of Genesis, as it pauses redemptions and new loan originations in the wake of FTX’s collapse. Genesis is a sister company of CoinDesk. B2C2 founder Max Boonen discusses the offer, lessons learned, and outlook for the crypto markets as the FTX fallout continues to ripple across the industry.
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Binance to Relaunch Bid for Bankrupt Crypto Lender Voyager: SourceCan BinanceUS bring back Voyager after the fall of white knight FTX? The American arm of Binance is preparing to bid for bankrupt lending platform investvoyager, according to a person familiar with the plans.
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