Gemini, BlockFi, Genesis announcing restrictions as FTX contagion spreads
it experienced an Amazon Web Services outage on one of its primary databases and that it was working to bring the exchange back up.
Genesis Trading, which acts as Genesis Global Capital's broker/dealer, is independently capitalized and operated separately from that lending unit, interim CEO Derar Islim told customers on a call Wednesday, according to"Our spot and derivatives trading and custody businesses remain fully operational," a Genesis spokesperson told CNBC. "With regards to lending, our number one priority is to serve our clients and preserve their assets.
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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.
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TSM FTX drops FTXFTX had signed a huge sponsorship deal with TSM.
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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 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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Genesis halting customer withdrawals after FTX, 3AC collapses: CoinDeskGenesis Interim CEO Derar Islim provided an update on the state of its lending business on a client call, according to CoinDesk.
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