Crypto broker Genesis says needs more time to fix financial crisis2 min read 04 Jan 2023, 11:32 PM IST
FTX's bankruptcy sparked a liquidity crunch in other exchanges like BlockFi and Genesis.
While BlockFi filed for bankruptcy in November itself, Genesis has been trying to avoid the same but instead suspended withdrawals.
Genesis Trading, a crypto broker, on Wednesday revealed that they need more time to fix their financial problems. Genesis halted its withdrawals in November 2022 after the FTX Group announced bankruptcy which shook the entire market. Genesis has been trying to come up with a solution for its troubled lending unit.
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