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CoinDesk

2022-11-16 13:00:00

Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse

Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse

The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.

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