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Monday, February 6, 2023

FTX Collapse May Claim Another Big Victim: Crypto Lender Genesis

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For the crypto business the yr 2023 continues proper alongside from the yr 2022. 

It’s consistent with the devastation brought on by the autumn of former crypto king Sam Bankman-Fried’s empire. 

This empire included the FTX cryptocurrency change and its sister firm, Alameda Research, a hedge fund that additionally serves as a buying and selling platform for institutional traders. 

FTX and Alameda have been two gamers on the heart of the crypto sector. so their chapter unsurprisingly shook all the business. The got here the chapter of lender BlockFi.  

Source: www.thestreet.com

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