Summary: Another crypto firm announced changes to operations due to FTX’s contagion. The lending department of Genesis Global Trading “temporarily suspended” customer withdrawals and new loan originations on Wednesday, CoinDesk reported. Interim CEO Cerar Islim delivered the update during a client call. The operational change did not affect Genesis Trading, the company’s trading division that had exposure to Three Arrows Capital. Withdrawals on Genesis Global Capital were paused on Wednesday following exposure to Sam Bankman-Fried’s crypto exchange FTX, CoinDesk reported.
