Genesis halting customer withdrawals after FTX, 3AC collapses: CoinDesk

Matter Labs, the company behind zkSync, has raised $200 million in a Series C round led by Dragonfly and Blockchain Capital.Temasek, Sequoia, SoftBank take more the $600 million in FTX write-downs: Bloomberg

FTX investors including Temasek, Sequoia Capital and SoftBank are writing off hundreds of millions of dollars they poured in the now-failed exchanged, Bloomberg reported, citing people familiar. Singapore’s Temasek International is writing off its up to $300 million FTX investment, while Sequoia Capital wrote down the full value of its $214 million bet on the […]

My assumption was, only for those interest earning withdrawals

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Crypto Lender Genesis Suspends Withdrawals After FTX CollapseThe swift demise of FTX created unprecedented turmoil for Genesis, causing the company’s lending arm to be unable to meet all withdrawal requests, the company told clients. highlarious Imagine not being able to withdraw from your bank. $BTC
Source: WSJ - 🏆 98. / 63 Read more »

Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX CollapseJUST IN: The lending arm of GenesisTrading plans to halt customer withdrawals. The unit discussed the matter with its institutional customers in a call on Wednesday morning. By NelWang GenesisTrading NelWang GenesisTrading NelWang Are yoou aware oof what is happening with DEX GenesisTrading NelWang 🫡
Source: CoinDesk - 🏆 291. / 63 Read more »