Crypto lender Genesis Financial News

04.12 / 13:59

Gemini Winklevoss Twins Digital Currency Group Crypto lender Genesis Gemini Exchange Seeks to Retrieve $900 Million from Crypto Lender Genesis

Cryptocurrency exchange Gemini is trying to recover the $900 million it had paid in loan to crypto broker Genesis and its parent company Digital Currency Group (DCG).

03.12 / 20:05

business defi Gemini FTX Crypto lender Genesis Crypto lender Genesis allegedly owes $900M to Gemini's clients: Report

Crypto lender Genesis and its parent company Digital Currency Group (DCG) allegedly owes $900 million to Gemini's clients, according to a Financial Times report disclosed on Dec. 3 citing people familiar with the matter.

16.11 / 19:07

Withdrawals Crypto lender Genesis Crypto lender Genesis stops withdrawals in wake of FTX failure

Cryptocurrency lender Genesis told clients that it is suspending redemptions and new loan originations following the collapse of crypto exchange FTX.

16.11 / 18:03

business Blockchain Grayscale Withdrawals Crypto lender Genesis Breaking: Crypto lender Genesis Global halts withdrawals

According to a new tweet by Genesis Global on Nov. 16, the institutional crypto lender said it would “temporarily suspend redemptions and new loan originations in the lending business.” In explaining the decision, the firm cited “unprecedented market turmoil” related to the collapse of troubled cryptocurrency exchange FTX, resulting in “abnormal” levels of withdrawals that Genesis Global claims to have exceeded its current liquidity.

18.08 / 10:49

CEO exits Crypto lender Genesis CEO of crypto lender Genesis exits as 20% of workforce laid off

Genesis Global Trading is laying off 20% of its 260-person workforce weeks after court filings revealed that the crypto brokerage firm lent $2.4bn to the now-bankrupt crypto hedge fund Three Arrows Capital.

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