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Genesis Trading reveals $175M of funds are locked in FTX

By Natasha Swift
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Cryptocurrency 19 minutes ago (Nov 10, 2022 10:00PM ET)

Genesis Trading reveals $175M of funds are locked in FTX Genesis Trading reveals $175M of funds are locked in FTX

In what it hails as an effort to be transparent, Digital Currency Group’s market maker and lending subsidiary, Genesis Trading, revealed that its derivatives business has around $175 million worth of funds locked away in an FTX trading account.

Genesis shared the news in a Nov. 10 tweet thread, in which the firm clarified that the locked funds would “not impact our market-making activities.”

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Genesis Trading reveals $175M of funds are locked in FTX

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