{"id":83136,"date":"2022-11-17T02:31:28","date_gmt":"2022-11-17T07:31:28","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83136"},"modified":"2022-11-17T02:22:19","modified_gmt":"2022-11-17T07:22:19","slug":"gemini-blockfi-genesis-announcing-new-restrictions-as-ftx-contagion-spreads","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2022\/gemini-blockfi-genesis-announcing-new-restrictions-as-ftx-contagion-spreads.html","title":{"rendered":"Gemini, BlockFi, Genesis announcing new restrictions as FTX contagion spreads"},"content":{"rendered":"\n<p>(CNBC) In the latest fallout from <a href=\"https:\/\/www.cnbc.com\/2022\/11\/15\/how-sam-bankman-frieds-ftx-alameda-empire-vanished-overnight.html\">FTX\u2019s rapid\u00a0collapse<\/a>\u00a0last week, the lending arm of the crypto investment bank Genesis Global Trading is pausing new loan originations and redemptions, the company announced in a <a rel=\"noreferrer noopener\" href=\"https:\/\/twitter.com\/GenesisTrading\/status\/1592867208275046401?s=20&amp;t=w_9UT4P9RZfhqlmHncFh3Q\" target=\"_blank\">thread of tweets<\/a> Wednesday. The lending arm of the bank serves an institutional client base and is known as Genesis Global Capital. At the end of its third quarter, it had more than $2.8 billion in total active loans,\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/genesistrading.com\/insights\/quarterly-reports\" target=\"_blank\">according to the company\u2019s website<\/a>.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/11\/16\/genesis-lending-unit-halts-withdrawals-in-aftermath-of-ftx-collapse.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) In the latest fallout from FTX\u2019s rapid\u00a0collapse\u00a0last week, the lending arm of the crypto investment bank Genesis Global Trading is pausing new loan originations and redemptions, the company announced in a thread of tweets Wednesday. The lending arm of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83136","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83136"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83136\/revisions"}],"predecessor-version":[{"id":83137,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83136\/revisions\/83137"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}