The lending arm of the cryptocurrency brokerage Genesis is suspending redemptions and new loan originations as it deals with a wave of withdrawals following the fall of FTX. In a statement on Twitter, Genesis says the “abnormal withdrawal requests” have exceeded its “current liquidity.”
FTX, which was once the third biggest cryptocurrency exchange by volume, filed for bankruptcy last week, causing panic to ripple through the crypto community as investors pull their funds from other…
