.GenesisTrading Interim CEO Derar Islim requests patience as the institutional crypto brokerage attempts to resolve $900M of Gemini client funds that continue to be locked up. SteveAlpher reports:
"While we are committed to moving as quickly as possible, this is a very complex process that will take some additional time," said Genesis Interim CEO Derar Islim.
"We remain focused on finding a solution for our borrowing and lending intermediation business and reaching the best outcome for all affected clients," he added.In wake of the FTX collapse in November, Genesis locked up $900 million of funds from clients of retail crypto brokerage Gemini.
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