WRAPUP 1-Crypto broker Genesis suspends redemptions; Bankman-Fried, celebrities sued ...Middle East

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WRAPUP 1-Crypto broker Genesis suspends redemptions; Bankman-Fried, celebrities sued
source : Devdiscourse ( Middle East ) () 31
Crypto broker Genesis Global Capital is suspending redemptions and new loan originations at its lending business, it said on Wednesday, in the latest sign of the industry fallout from last week's collapse of major crypto exchange FTX. FTX filed for bankruptcy protection on Friday in one of the highest-profile crypto blowups after traders pulled $6 billion from the platform in three days.

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