Alex Dovbnya Genesis has halted redemptions as well as new loan originations at its lending arm Prominent cryptocurrency firm Genesis has suspended customer withdrawals at its lending arm. Derar Islim...
Tag: Withdrawals
Crypto Lending Arm of Genesis Suspends Withdrawals
8 hours ago | 2 mins read Defi News Genesis will go into further depth about its strategy with clients next week. Its derivatives division has around $175 million stashed up in its FTX trading account...
Liquid Global Halts Withdrawals as FTX Contagion Continues
Cryptocurrency exchange Liquid Global today said it is halting all withdrawals—both fiat and crypto—from the platform. “Fiat and crypto withdrawals have been suspended on Liquid Global in compliance w...
Gemini Halts Withdrawals For Its EARN Program. Is The Giant Under Water?
Make no mistake, Gemini promises that “all customer funds held on the Gemini exchange are held 1:1 and available for withdrawal at any time.” And, apparently, they’re just temporally halting withdrawa...
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...
Grayscale Declares ‘Business as Usual’ Despite Sister Company Genesis Global Capital Suspending Withdrawals
Genesis Global Capital, the lending arm of crypto investment bank Genesis Global Trading, announced the suspension on Wednesday in response to “extreme market dislocation and loss of industry co...
A timeline of Genesis Trading halting crypto withdrawals
Genesis Global Capital, the cryptocurrency lending arm of Genesis Global Trading, has shut down withdrawals amidst the FTX and Alameda Research collapse. On a Wednesday morning call, Genesis Global Tr...
Grayscale and Binance Confirm Not Affected By Genesis Decision to Halt Withdrawals
– Advertisement – Grayscale And Binance Assure Users of Funds Safety. Grayscale has assured clients of the safety and security of their funds amid the panic triggered by the FTX implosion ...
Gemini Earn halts withdrawals due to ‘market turmoil’ caused by FTX fallout
Gemini, a cryptocurrency exchange based in the U.S., said that it has paused withdrawals on its Earn program. Genesis Global, the lending partner of the Earn program, is no longer able to meet custome...
Genesis Global Trading’s Lending Unit Suspends Withdrawals and New Loan Originations – Bitcoin News
Following Blockfi, Liquid Global, and Salt Lending halting withdrawals, reports indicate that Genesis Global Trading’s lending unit has halted customer withdrawals. Genesis’ interim chief executive of...
Crypto Exchange Liquid Suspends Withdrawals Amid FTX Fall
6 hours ago | 2 mins read Exchange News The Liquid team has asked users to hold off on making deposits until further notice. Earlier this year, FTX bought Liquid Group and its operational subsidiaries...
Genesis’ crypto-lending unit halts customer withdrawals
Genesis’ crypto-lending unit has announced that they are currently halting all customer withdrawals as a result of the FTX collapse. Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wak...
Genesis halting customer withdrawals after FTX, 3AC collapses: CoinDesk
Genesis is temporarily suspending withdrawals and new loan originations, after it took large hits from Three Arrows Capital and FTX. Genesis will continue to offer over-the-counter trading for s...
Genesis Halts Withdrawals for its Lending Arm Following FTX’s Collapse
Crypto brokerage firm Genesis Global Trading has paused withdrawals for its lending business, which has been impacted by the FTX crisis. The company blamed large withdrawals from customers due to the ...
Genesis Trading’s lending unit halts customer withdrawals
Genesis Global Capital, the lending arm of digital assets platform Genesis Trading, has halted all redemptions as well as loan originations, parent company Digital Currency Group announced on Wednesda...
Gemini Earn unable to meet customer redemptions as Genesis unit pauses withdrawals
Crypto exchange Gemini said its Earn program “will not be able to meet customer redemptions within the service-level agreement of five business days” following the announcement that lendin...
Genesis Capital Pauses Withdrawals, Gemini Earn Affected – Trustnodes
Genesis Global Capital, a crypto lender that focuses on institutional investors with $2.8 billion in loans as of Q3 2022, has suspended loan redemptions its Interim CEO Derar Islim said in a call to c...
Crypto Lenders Keep Pausing Withdrawals Citing FTX Exposure
An investment firm run by bitcoin backer Simon Dixon has canceled plans to acquire embattled crypto lender SALT, which has suspended withdrawals over exposure to FTX. Dixon’s investment unit BnkToTheF...
Liquid Global Halts Withdrawals As FTX Collapse Impacts Markets
FTX-owned crypto exchange Liquid Global has announced that it is suspending all crypto and fiat withdrawals as the FTX collapse continues to affect the markets. FTX acquired the Japan-based crypto tr...
BlockFi Tells Customers Withdrawals Still Paused Due to ‘Significant Exposure to FTX’
In brief BlockFi will keep customer withdrawals paused as it figures out a path forward after FTX’s collapse last week. The crypto lending platform took a $400M line of credit from FTX US this summer....
BlockFi reportedly mulling bankruptcy, SALT pauses withdrawals and deposits
In an official update sent to clients on Nov 14, BlockFi admitted to having “significant exposure” to FTX and its affiliated companies, but insisted it had “the necessary liquidity to explore all opti...
Another FTX-Backed Crypto Exchange Suspends Withdrawals
Cryptocurrency exchange Liquid has become the latest platform affected by the FTX collapse, with several other reporting struggles. Liquid suspended withdrawals of both fiat and cryptocurrency, accord...
2 More Crypto Platforms Pause Withdrawals as Liquid Global and Salt Lending Cite Exposure to FTX – Bitcoin News
On Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” The same day, customers leveraging the crypto lending platform Sa...
Crypto lender Salt halts withdrawals citing FTX impact
Crypto lending platform Salt paused withdrawals and deposits, according to a company email sent to customers. The firm said in a message attributed to CEO Shawn Owen that “the collapse of ...
FTX-owned crypto exchange Liquid halts all withdrawals
The Japanese cryptocurrency exchange Liquid is the latest company to halt withdrawals amid the ongoing crisis of centralized crypto exchanges. The FTX-owned crypto exchange Liquid took to Twitter on N...
Dominos Keep Falling: FTX’s “Liquid” Halts Withdrawals
The collapse of the crypto exchange FTX continues to wreak havoc across the industry, new companies are filing for bankruptcy as contagion spreads. Liquid Global, a crypto trading venue acquired by th...
FTX Linked Crypto Exchange Halts Withdrawals, Here’s Why
After FTX announced decision to opt for chapter 11 bankruptcy, a top tier crypto exchange announced it halted withdrawals and deposits. The meltdown of Sam Bankman-Fried related crypto companies has a...
Another Exchange Halts Withdrawals in the FTX Aftermath
Liquid Global – a lesser-known crypto exchange acquired by FTX – has announced suspending withdrawals on November 15. The move complies with the bankruptcy proceedings of FTX. Its official announcemen...
FTX-acquired crypto exchange Liquid suspends withdrawals
Crypto exchange Liquid suspended both fiat and crypto withdrawals in order to comply with regulations relating to FTX’s filing for Chapter 11 bankruptcy protection. “Fiat and crypto ...
Crypto.Com Halts Withdrawals Of These 3 Tokens
Following FTX’s collapse, speculation around other crypto exchanges going bankrupt has increased. Crypto.com is facing maximum flack at the moment as it accidentally transferred nearly $400 million in...
CZ says Binance is ‘fine,’ with withdrawals within normal range
Binance CEO Changpeng “CZ” Zhao assured over 40,000 Twitter Spaces listeners that the platform’s finances are safe following a week of turmoil at rival exchange FTX. Nonetheless, he noted ...
Binance CEO sees slight increase in withdrawals after FTX collapse
Changpeng Zhao, billionaire and chief executive officer of Binance Holdings Ltd., speaks during a session at the Web Summit in Lisbon, Portugal, on Wednesday, Nov. 2, 2022. Zed Jameson | Bloomberg | G...