Crypto Broker Genesis Trading Stops Withdrawals at Lending Unit

Crypto Broker Genesis Trading Stops Withdrawals at Lending Unit

Genesis Trading halted withdrawals from its lending unit as the crypto financial services group blamed “unprecedented market turmoil” caused by the collapse of Sam Bankman-Fried’s FTX. Genesis, which plays a key role in the digital asset fixed income markets, said its decision to suspend repayments and new loan issuance followed “abnormal withdrawal requests that exceeded …

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