The Daily Hodl
2022-11-18 19:41:08

Institutional Crypto Lender Genesis Asked for $1,000,000,000 Emergency Loan Before Halting Withdrawals: Report

The Wall Street Journal reports that the institutional crypto lender Genesis asked investors for an emergency loan of $1 billion before announcing that clients would temporarily be unable to take out their funds. Earlier this week, crypto lending firm Genesis suspended fund withdrawals due to liquidity issues caused by the collapse of the FTX exchange The post Institutional Crypto Lender Genesis Asked for $1,000,000,000 Emergency Loan Before Halting Withdrawals: Report appeared first on The Daily Hodl .

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