FTX fallout hits crypto firms

The lending arm of crypto brokerage Genesis Global Trading suspended redemptions and new loan originations after an “abnormal” number of withdrawal requests that exceeded its current liquidity, citing market turmoil from the failure of rival FTX.

​The lending arm of crypto brokerage Genesis Global Trading suspended redemptions and new loan originations after an “abnormal” number of withdrawal requests that exceeded its current liquidity, citing market turmoil from the failure of rival FTX.