The lending arm of the bank serves an institutional client base and is known as Genesis Global Capital. At the end of its third quarter, it had more than $2.8 billion in total active loans,"We recognize how challenging this past week has been due to the impact of the FTX news.
The Journal, citing people familiar with the matter, added that BlockFi is also planning to lay off more of its workers as it braces for a possible Chapter 11 filing, though the firm stopped short of saying a majority of its assets are custodied by FTX.Sam Bankman-Fried's cryptocurrency exchange FTX filed for
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Good Nature is healing. Self custody Bitcoin is your only escape from the Fiat Ponzi.