Domain: tiger-web1.srvr.media3.us Crypto broker Gensis suspends redemptions | Money Talk
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Crypto broker Gensis suspends redemptions

Posted on 11/16/22 at 12:04 pm
Posted by Street Hawk
Member since Nov 2014
3612 posts
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Posted on 11/16/22 at 12:04 pm
quote:
Genesis just held a 7 minute call with clients to let them know withdrawal requests for Genesis Capital have exceeded their liquidity profile; CEO says he’s working on a plan with advisors to fix their liquidity profile and serve clients

LINK

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Posted by Im4datigers
Northern Virginia
Member since Oct 2003
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Posted on 11/16/22 at 12:23 pm to Street Hawk
Everybody that has money locked up with them deserves it honestly. Crypto is a sham, and greed is evil. Put the two together and look out.
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Posted by finchmeister08
Member since Mar 2011
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Posted on 11/16/22 at 12:38 pm to Street Hawk
all this makes me wonder what's going to happen to Coinbase.
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Posted by UltimaParadox
North Carolina
Member since Nov 2008
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Posted on 11/16/22 at 12:38 pm to Street Hawk
Basically every exchange that was offering any sort of yield is heading this way since they are basically all Ponzis.
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Posted by TigerintheNO
New Orleans
Member since Jan 2004
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Posted on 11/16/22 at 12:49 pm to finchmeister08
Read this morning that Coinbase had over a $billion in FTX, but got all but $10 million out before they collapsed.
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Posted by finchmeister08
Member since Mar 2011
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Posted on 11/16/22 at 12:59 pm to TigerintheNO
yikes. i wonder if they're going to collapse as well then.
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Posted by thegreatboudini
Member since Oct 2008
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Posted on 11/16/22 at 1:00 pm to Street Hawk
Just make sure you have your coins in a wallet

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Posted by MrSpock
Member since Sep 2015
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Posted on 11/16/22 at 1:42 pm to Street Hawk
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Posted by aubie101
Russia
Member since Nov 2010
3640 posts
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Posted on 11/16/22 at 3:01 pm to MrSpock
Well I only have a couple thousand in coinbase, may get out now.
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Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
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Posted on 11/16/22 at 3:54 pm to finchmeister08
quote:
yikes. i wonder if they're going to collapse as well then.

Why would they, if they only lost $10M?
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Posted by WDE24
Member since Oct 2010
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Posted on 11/16/22 at 3:56 pm to TigerintheNO
quote:
Read this morning that Coinbase had over a $billion in FTX, but got all but $10 million out before they collapsed.
The preference actions could be interesting.
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Posted by finchmeister08
Member since Mar 2011
39926 posts
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Posted on 11/17/22 at 7:20 am to SlowFlowPro
quote:
Why would they, if they only lost $10M?


i read that wrong. i read it as if they only got $10M.
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Posted by Highthoughts
Member since Sep 2022
313 posts
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Posted on 11/17/22 at 8:55 am to Street Hawk
Zelenskyy can’t keep getting away with this
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