Cryptocurrency lender Genesis told clients it is suspending redemptions and new loan originations following the collapse of crypto exchange FTX
Cryptocurrency lender Genesis told clients that it is suspending redemptions and new loan originations following the collapse of crypto exchange FTX.
of FTX, which filed for bankruptcy last week, created unprecedented turmoil for Genesis, causing the company’s lending arm to be unable to meet all withdrawal requests, the company told clients on a Wednesday call. The company said it would deliver a plan next week for its lending business.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Crypto Lender BlockFi Updates Users on Platform, FTX ExposureBlockFi denies rumors that all or a majority of its assets are custodied at FTX_Official. Most activity at the crypto lender remains halted and withdrawals are still on pause. mikeybellusci reports
Baca lebih lajut »
Crypto lender BlockFi says it has significant exposure to FTXCryptocurrency lender BlockFi said on Monday it has significant exposure to Sam Bankman-Fried's crypto exchange FTX, and associated entities, that last week filed for bankruptcy.
Baca lebih lajut »
FTX Contagion Spreads: Crypto Lender BlockFi Faces Potential BankruptcyBlockFi, a platform for crypto-backed loans and trading, may also face bankruptcy due to its exposure to FTX, the beleaguered cryptocurrency exchange that was led by Democrat megadonor Sam Bankman-Fried.
Baca lebih lajut »
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
Baca lebih lajut »
Binance Forming Crypto Industry Recovery Fund to 'Reduce Further Cascading Negative Effects of FTX' – Bitcoin NewsBinance is setting up an industry recovery fund to 'reduce further cascading negative effects of FTX,' the CEO said. crypto cryptocurrency
Baca lebih lajut »
Crypto.com CEO addresses whereabouts of $1B in stablecoins sent to FTXCrypto .com CEO, Kris Marszalek held an AMA session with users to clear up the air about the exchange’s exposure to FTX.
Baca lebih lajut »