Express

Crypto Broker Genesis Global Trading Says it May Need More Time to Sort Out Finances

Tris Bell

Summary: The interim CEO of Genesis Global Trading Derar Islim has said the company may need some more time to figure out its financial situation before it resumes withdrawals. The crypto brokerage and lender locked $900 million worth of client funds in November in the wake of the FTX collapse. In December, the company said it ...

The interim CEO of Genesis Global Trading Derar Islim has said the company may need some more time to figure out its financial situation before it resumes withdrawals.

The crypto brokerage and lender locked $900 million worth of client funds in November in the wake of the FTX collapse. In December, the company said it may take weeks for it to figure out a solution.

“While we are committed to moving as quickly as possible, this is a very complex process that will take some additional time,” Islim said in a letter sent to clients on Wednesday.

Author: Tris Bell

Last Update:

Tags: ,,,
Link: Crypto Broker Genesis Global Trading Says it May Need More Time to Sort Out Finances   [Copy]
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift 2 hours ago
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING 1 day ago
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? 8 days ago
  • GAEA Chat Singapore Concludes Successfully - A Recap of the Industry Thought Feast Duri... 25 days ago
  • U.S. SEC Clears Path for Institutional Crypto Custody, Recognizing State Trust Companie... October 1, 2025
  • You need to login to comment.