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BRIEF-Genesis Temporarily Suspends Redemptions And New Loan Originations In Lending Business

Reuters · 11/16/2022 08:19
BRIEF-Genesis Temporarily Suspends Redemptions And New Loan Originations In Lending Business

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  • GENESIS TRADING'S SPOT AND DERIVATIVES TRADING AND CUSTODY BUSINESSES REMAIN FULLY OPERATIONAL - TWEET

  • GENESIS SAYS DEFAULT OF 3AC NEGATIVELY IMPACTED THE LIQUIDITY AND DURATION PROFILES OF OUR LENDING ENTITY GENESIS GLOBAL CAPITAL - TWEET

  • GENESIS GLOBAL TRADING, CO'S BROKER/DEALER HOLDING BITLICENSE, IS INDEPENDENTLY CAPITALIZED AND OPERATED – & SEPARATE FROM OTHER GENESIS ENTITIES - TWEET

  • GENESIS TEMPORARILY SUSPENDS REDEMPTIONS AND NEW LOAN ORIGINATIONS IN THE LENDING BUSINESS - TWEET

  • GENESIS SAYS FTX HAS CREATED UNPRECEDENTED MARKET TURMOIL, RESULTING IN ABNORMAL WITHDRAWAL REQUESTS WHICH HAVE EXCEEDED OUR CURRENT LIQUIDITY

  • GENESIS SAYS NEXT WEEK, CO WILL DELIVER PLAN FOR LENDING BUSINESS; WORKING TO IDENTIFY BEST SOLUTIONS FOR LENDING BUSINESS

Source text: https://bit.ly/3GlcGgA


((Reuters.Briefs@thomsonreuters.com;))