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Just-In: Genesis suspends customer withdrawals in wake of FTX collapse


The Interim CEO Derar Islam announced Wednesday that Genesis Global Trading’s lending division, a cryptocurrency investment bank, has temporarily stopped all redemptions and initiated any new loans following the collapse of FTX. New developments in Genesis According to Derar, withdrawal requests exceeded current liquidity and new advisors were hired.
CoinGape’s first post was “Just-In: Genesis Suspends Customer Withdrawals in the Wake of FTX Collapse”



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