Genesis Halts Withdrawals Amidst Legal Tussle with FTX

1 year ago 340

Genesis Global Trading (GGC) has come to an agreement with FTX. Consequently, Genesis is slated to pay a massive $175 million to FTX. This move follows a lawsuit where FTX, along with affiliate Alameda Research, demanded significant compensation from Genesis. Additionally, rumors are afloat that Genesis has temporarily stopped customer withdrawals within its lending branch.

The post Genesis Halts Withdrawals Amidst Legal Tussle with FTX appeared first on CoinGape.

Source: coingape.com

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