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The Daily Hodl
2022-11-16 23:01:42

Institutional Crypto Lender Genesis Trading Halts Withdrawals, Citing 3AC and FTX Collapse

Institutional Crypto Lender Genesis Trading Halts Withdrawals, Citing 3AC and FTX Collapse

An institutional crypto brokerage is halting customer withdrawals, citing the downfalls of Three Arrows Capital (3AC) and FTX. In a recent announcement, blue-chip crypto lender Genesis says that while its spot market, derivatives, and custody businesses will remain open, clients won’t be able to withdraw funds due to the firm facing liquidity issues stemming from The post Institutional Crypto Lender Genesis Trading Halts Withdrawals, Citing 3AC and FTX Collapse appeared first on The Daily Hodl .

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