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Genesis tells clients it needs more time on financial woes after Gemini demands action

Genesis interim CEO Derar Islim has sent a second letter to clients to say the crypto lender is working on its liquidity issues resulting from the FTX collapse, but they’re not there yet.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Genesis tells clients it needs more time on financial woes after Gemini demands action

Genesis interim CEO Derar Islim has sent a second letter to clients to say the crypto lender is working on its liquidity issues resulting from the FTX collapse, but they’re not there yet.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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