Genesis Trading temporarily stopped its withdrawals due to abnormal withdrawal requests. Genesis, one of the major cryptocurrency brokerages, has halted their withdrawals.
FTX bankruptcy news: Beleaguered crypto exchange FTX recently admitted that unauthorised transactions have drained hundreds of millions of dollars from its wallets, saying the company has moved many digital assets to a new cold wallet custodian .
FTX bankruptcy news: FTX and dozens of affiliated companies including founder Sam Bankman-Fried s hedge fund, Alameda Research filed the bankruptcy petition in Delaware on Friday.