Genesis Global Trading’s Crypto Lending Arm Halts Withdrawals, $2.8B in Active Loans

• Genesis Global Capital, the crypto lending arm of Genesis Global Trading has halted the redemption and issuance of new loans, as reported by CoinDesk.
• Genesis Global Trading is a separate entity and continues to operate as usual.
• The move by the crypto lending unit comes in wake of the FTX collapse and “extreme market dislocation”.
• The unit is reported to have $2.8B in active loans.

This is a developing story and will be updated as new details emerge.

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