The lending arm of crypto investment bank Genesis Global Trading is temporarily suspending redemptions and new loan originations in the wake of FTX’s collapse, Interim CEO Derar Islim told customers on a call Wednesday.
Islim told the participants on the call that Genesis is exploring solutions for the lending unit, including finding a source of fresh liquidity. He said Genesis intends to detail its plan to clients next week."Today Genesis Global Capital, Genesis's lending business, made the difficult decision to temporarily suspend redemptions and new loan originations.
finblox_dmitry GenesisTrading NelWang When is Finblox going to address the withdrawal of existing customers funds that have been blocked for 6 months now?
GenesisTrading NelWang We are entering the gilded age of decentralization. Not your keys, not your cheese. This is true for crypto, but I think this will bleed over into all areas of life. I use giddydefi to participate in DeFi simply with a non-custodial wallet.
digitalassetbuy GenesisTrading NelWang It‘s like drive into a parking garage and after shopping you can‘t drive out cause it‘s closed by the owner. And all cars in the garage are sold 🤦♂️
GenesisTrading NelWang giddydefi . This is the solution. Just do yourself a favour and DYOR.
GenesisTrading NelWang Friends - please keep your funds your funds. giddydefi is the best defi wallet and one tap staking pools providing great yield options. And you are in 100% control of your keys and your crypto.
GenesisTrading NelWang I think we’re seeing the collapse of centralized crypto happen in real-time. I’m glad I found giddydefi so I can be in control of my future with crypto. Crypto CEX DeFi
GenesisTrading NelWang
GenesisTrading NelWang Why not just take them all down? At the end of the day, you usually end up with 2 of everything - either Binance & Coinbase or None at all and all funds will be held in a Apple wallet or Google wallet
GenesisTrading NelWang I'm DONE with Centralized exchanges! I'm going all in on self-custody wallets like giddydefi. Not having access to my crypto is just crazy to think about. Everyone else should question whether they'd care if their assets get locked up before it's too late! DeFi ScrewCEXs
GenesisTrading NelWang I'm glad I found giddydefi. They have a DeFi wallet that allows you to earn yield while still owning your own keys. I can withdraw my funds at any time. Plus it is easy to use and my keys are recoverable.
GenesisTrading NelWang
GenesisTrading NelWang My $ is safer at the bank. My “wallet” on genesis or blockfi….. is an bunch of IOUs. BTC is a joke. Clowns still believe this shit.
GenesisTrading NelWang Now u know
GenesisTrading NelWang Oh god
GenesisTrading NelWang 🫡
GenesisTrading NelWang stoolpresidente
GenesisTrading NelWang only genesis, no exodus allowed
GenesisTrading NelWang “Temporarily”
GenesisTrading NelWang
GenesisTrading NelWang ITS OVER
GenesisTrading NelWang 🫡
GenesisTrading NelWang
GenesisTrading NelWang Are yoou aware oof what is happening with DEX