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Genesis Block HK Has More Than $50 Million Stuck On FTX ❌


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Hong Kong-based crypto over-the-counter (OTC) trading firm Genesis Block HK reportedly has over $50 million worth of assets stuck in the now-bankrupt crypto exchange FTX. According to an email from Genesis Block sent to its customers and obtained by crypto news firm ‘The Block’, the impact is significant enough that Genesis Block is shutting down its OTC business on Dec. 10.

The email stated,

"With regret, we will be closing down the genesisblockotc.com portal website on 10 December (Fri) 2022 at 6:00 pm HKT. Withdrawals of user balances are fully functional via the OTC chat group. Please do NOT deposit any crypto assets into the portal."


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