Published 1 year ago

Alabama officials open probe into crypto lender

Summary by Ground News

Alabama is part of a wide-ranging probe into the practices of crypto lending firms. The probe follows the collapse of the exchange FTX earlier this month. The inquiry will focus on whether Genesis Global Capital enticed residents to invest in crypto-related securities without making the proper registrations.

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Alabama Live

Alabama officials open probe into crypto lender

The director of the Alabama Securities Commission said the state is part of a wide-ranging probe into the practices of crypto lending firms following the collapse of FTX, according to a report in business publication Barron’s.The report cited Joseph Borg, director of the Alabama Securities Commission. He said the state had joined several others to examine the practices of Genesis Global Capital, a lending firm based in Connecticut that provided …

1 year ago

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