Factbox-From BlockFi to Genesis, crypto firms reel from exposure to FTX

Published by

(Reuters) – After the collapse of major cryptocurrency exchange FTX, the industry is bracing for further pain because of the exposure of many companies to FTX and its affiliated trading firm Alameda Research. Here are some firms that have given information about their exposure to FTX. BLOCKFI BlockFi filed for bankruptcy on Nov. 28, weeks after the crypto lender said it was pausing client withdrawals. In July, FTX had signed a deal with an option to buy BlockFi for up to $240 million. GENESIS The crypto lending arm of U.S. digital asset broker Genesis Trading suspended customer redemptions ear…

Read More