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Published 1 year ago

Genesis Global halts withdrawals citing 'unprecedented market turmoil'

Summary by Ground News
Crypto brokerage Genesis suspends redemptions and new loan originations. The suspension comes as the entire crypto industry is on edge following FTX's collapse. An FTX investor sued Bankman-Fried as well as several celebrities who endorsed the platform. BlockFi, another big player in the crypto space, halted withdrawals last week.

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CNNCNN

FTX investor sues Tom Brady, Gisele Bundchen and others as crypto contagion spreads

The fallout from the spectacular implosion of crypto giant FTX has triggered a cascade of wide-reaching effects: It's ensnared a number of celebrities who endorsed the now-bankrupt platform, and financial contagion is spreading across the vast crypto and digital-asset ecosystem.

1 year ago·Atlanta, United States
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CNBCCNBC

Bitcoin prices sink as FTX contagion spreads and Genesis halts withdrawals: CNBC Crypto World

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. In today's show, Crypto World takes a closer look at what led to the downfall of Sam Bankman-Fried's crypto empire.

1 year ago·United States
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abc 6 Philadelphiaabc 6 Philadelphia

FTX lawsuit: Investor sues Tom Brady, Gisele Bundchen, Steph Curry as crypto contagion spreads

The fallout from the spectacular implosion of crypto giant FTX has triggered a cascade of wide-reaching effects.

1 year ago·Philadelphia, United States
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abc30 Newsabc30 News

FTX lawsuit: Investor sues Tom Brady, Gisele Bundchen, Steph Curry as crypto contagion spreads

The fallout from the spectacular implosion of crypto giant FTX has triggered a cascade of wide-reaching effects.

1 year ago·Fresno, United States
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CointelegraphCointelegraph

Genesis Global halts withdrawals citing 'unprecedented market turmoil'

Genesis Global has nearly $2.8 billion loans outstanding.

1 year ago
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Gwinnett Daily PostGwinnett Daily Post

Crypto bank Genesis halts withdrawals, citing fallout from FTX failure

Crypto bank Genesis halts withdrawals, citing the fallout from FTX failure. CEO of FTX Sam Bankman-Fried here testifies on Capitol Hill on December 8, 2021, in Washington, DC.

1 year ago
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