WebDec 7, 2024 · Genesis froze withdrawals shortly after FTX filed for chapter in November, throughout which its derivatives enterprise misplaced $175 million contained in the trade. … WebNov 16, 2024 · The delays are due to Genesis Global Capital's announcement today that it would pause withdrawals on its lending platform. Genesis services the crypto exchange's Earn product, which lets users earn interest for depositing idle crypto. Rates vary from crypto to crypto, but range from as little as .45% up to 8%.
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WebDec 7, 2024 · In a letter to customers on Wednesday morning, Genesis interim CEO Derar Islim said resolution of his company’s lending unit’s withdrawal freeze is likely to be a matter of “weeks” rather... WebNov 16, 2024 · The exchange earlier today told customers that its Earn program lending partner, Genesis, was pausing withdrawals. It was curious timing, then, when Gemini just hours later went down due to an... fathom consultancy
Genesis Withdrawal Freeze Has No Imminent Solutions, Says …
WebDec 7, 2024 · Genesis froze withdrawals shortly after FTX filed for bankruptcy in November, during which its derivatives business lost $175 million inside the exchange. DCG … WebDec 8, 2024 · A letter from Genesis Interim CEO Derar Islim to customers on Wednesday suggested that the firm’s withdrawal freeze likely won’t be resolved for “weeks” to come. … WebNov 16, 2024 · I just smashed my 4K TV in front of over 30 guests at my party because of the Genesis withdrawal freeze today. My wife just took our crying kids and said they’re all spending the night in a motel. This lender has ruined my life and my party. I can’t do this any longer. Goodbye. 16 Nov 2024 18:27:03 fathom croft