Genesis Stopping Withdrawals: “Needs More Time”

The interim CEO of cryptocurrency broker and lender Genesis Global Trading said that the company needs a little more time to overcome the financial difficulties it is currently facing.

Genesis CEO Derar Islim sent a letter to company customers today, saying, “While we try to act as quickly as possible, this is a very complex process and it will take a little more time to unravel.” said.

Genesis Global Trading, which is affiliated with the Digital Currency Group (DCG) like Grayscale, last November withdrawals had decided to stop.

With this move, the company increased the total amount of Gemini’s customers. 900 million dollars has also been locked on the platform. At the beginning of December, the company made a statement on the subject and decided to solve this problem. It will take a few “weeks”, not a few days. had announced.

Cameron Winklevoss, co-founder of Gemini, sent a message to DCG CEO Barry Silbert earlier this week, telling the people of the company. “to stall” had accused.

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