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Genesis Creditor Groups' Loans Amount to $1.8B and Counting: Sources
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2022Dec 6
Join #Consensus2023, the most important conversation in crypto and Web3, happening April 26-28 in Austin, Texas. Tickets on sale now: https://bit.ly/3XXIq17 Customers whose money is locked up on trading and lending platform Genesis and who have taken legal advice on the matter currently account for some $1.8 billion of loans, according to a CoinDesk source familiar with the situation. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details. Genesis and CoinDesk are both owned by the Digital Currency Group.
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