Grayscale Declares ‘Business as Usual’ Despite Sister Company Genesis Global Capital Suspending Withdrawals

Genesis Global Capital, the lending arm of crypto investment bank Genesis Global Trading, announced the suspension on Wednesday in response to “extreme market dislocation and loss of industry confidence caused by the FTX implosion,” according to Amanda Cowie, vice president of communications and marketing at Digital Currency Group (DCG), the parent company of Grayscale, Genesis and also CoinDesk.