• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Genesis has limited the withdrawal of funds from the platform

Genesis has limited the withdrawal of funds from the platform

user avatar

by dapp_writer005

3 years ago


Crypto lending platform Genesis announced on its social network a temporary suspension of withdrawals. The team noted that due to the collapse of FTX, the number of withdrawal requests for digital assets has increased dramatically on the exchange. Because of this, the liquidity of the company has increased and the developers are forced to look for a way out of the crisis, as well as new sources of liquidity.

The changes did not affect trading operations in the spot and derivative markets, as well as custodial services. These features are fully functional.

It is worth noting that this is the second such case in Genesis. Earlier, the liquidity profile was negatively affected by the bankruptcy of hedge fund Three Arrows Capital.

However, the Genesis team assured that the investment bank Genesis Global Trading is safe and exposed to recent events as it operates separately from all other divisions of the company.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other articles

Hyperliquid (HLP): A Complete Guide to Technology, HLP Vaults, and Token Utility

chest

Explore Hyperliquid — a next-generation decentralized exchange built on a proprietary Layer‑1 blockchain with an on-chain order book, HLP vaults, HYPE token utility, and multi-billion daily trading volume.

user avatarAlexandra Smirnova

Sudoku Puzzle Bot is the perfect companion for training your mind

chest

Sudoku is a popular number puzzle where you need to fill a 9×9 grid with numbers without repetition. The Sudoku Puzzle Bot Telegram bot makes the game more convenient with different difficulty levels and the ability to play whenever you want.

user avatarMax Nevskyi

Distinct Possibility Studios (DPS) is a creative studio that creates unique game projects

chest

Distinct Possibility Studios (DPS) is a dynamic studio that creates innovative games with original mechanics. Since 2020, it has been releasing high-quality indie projects that combine creativity and style.

user avatarMax Nevskyi

Decentralized Technologies of the Future: An Overview of The Open Platform

chest

In the era of decentralization, The Open Platform (TOP) stands out as a promising solution in the TON ecosystem, offering developers fast and cheap transactions with convenient tools for creating dApps.

user avatarMax Nevskyi

In-Depth Review of Makina Finance — A DeFi Platform for AI Funds and Pro Traders

chest

A detailed overview of Makina Finance — a non-custodial DeFi engine for AI-powered funds and traders, offering tokenized vaults, yield strategies, and risk controls.

user avatarElena Ryabokon

In-Depth Review of Blackhole DEX: Advanced Liquidity Platform on Avalanche

chest

Comprehensive review of Blackhole — a DEX on Avalanche with veNFT tokenomics, modular AMMs, governance voting, Genesis Pools, and support for Web3 and GameFi startups.

user avatarElena Ryabokon
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.