TechFlow News — On November 16, according to Coindesk, Genesis Global Capital, the lending division of crypto investment bank Genesis Global Trading focused on institutional clients, will halt redemptions and new loan issuance. As of the end of the third quarter of 2022, the division had $2.8 billion in outstanding loans. Interim CEO Derar Islim stated that Genesis Trading will operate independently and is unaffected, with Genesis' trading and custody services continuing to function fully.[Original Link]
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