Several crypto stocks traded down throughout the day on Wednesday, while crypto bank Silvergate bucked the trend.
The terminated sponsorship deal with esports giant TSM represents yet another fractured partnership for the fallen crypto exchange.Senate Banking Committee eyes hearing on Sam Bankman-Fried's FTX collapse
A key Senate committee could hold a hearing to investigate the collapse of crypto exchange FTX. The Senate Banking Committee is “working to schedule a hearing and details are forthcoming,” according to a Democratic committee spokesperson. FTX, once valued at $32 billion, filed for bankruptcy protection last week. The push to schedule a Senate hearing […]
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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
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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 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 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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Genesis crypto lending arm suspends customer withdrawals after FTX meltdownThe lending arm of crypto broker Genesis Global Trading says it has suspended its redemptions and new loan originations following the collapse of crypto market FTX.
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Crypto broker Genesis suspends loan redemptions; Bankman-Fried, celebrities suedCrypto lender Genesis Global Capital suspended redemptions on Wednesday citing the failure of crypto exchange FTX, while court papers showed FTX founder Sam Bankman-Fried faces legal action, as its sudden collapse ripples across the industry.
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