SOURCE: https://www.coindesk.com/business/2022/11/16/genesis-crypto-lending-unit-is-halting-customer-withdrawals-in-wake-of-ftx-collapse/
Genesis owner Digital Currency Group (DCG) is also the parent company of CoinDesk.
The announcement was noted by Gemini, the crypto exchange and custodian that has a partnership with Genesis.
A related post here has been called FUD, it is not.
All one has to do is read the news.
I know people personally that have not been able to withdraw, (they notified me).
In the last piece I posted (removed for not being sufficiently “fruitful”):
https://np.reddit.com/r/ethereum/comments/ywzf34/heads_up_gemini_exchange_rumored_to_halt_all/
(replace “np” with “www” to access original now removed post)
…..comments like this were made:
Typical shoot the messenger.
And I note for the accurate record: KRAKEN is indeed also in trouble:
https://np.google.com/search?client=opera&q=kraken+ceo+departure+%2Btradingview&sourceid=opera&ie=UTF-8&oe=UTF-8
It is a public disservice to try to keep a lid on this news, without it, people can and will likely get hurt.
