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Token AMP
Token GRT
Token INJ
Token MANA

May 09, 20:45

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SOC Team

Genesis Trading moved assets to Gemini

Outflow

Related addresses

Total tokens transferred

Token AAVE

32.331K

AAVE

Token AMP

396.115M

AMP

Token INJ

123.202K

INJ

Token GRT

16.415M

GRT

Token MANA

5.561M

MANA

The bankrupt crypto lender Genesis Trading deposited $36.45M worth of 34 crypto assets to Gemini in the past 50 minutes, with the top 5 assets including:

 

Notably:

  • Crypto exchange Gemini, the biggest Genesis creditor, expects the user fund settlement to take effect on May 4, 2024, with initial distributions, comprising approximately 97% of owed digital assets as of November 16, 2022, likely by early June (more details here).
  • Currently, Genesis still holds $2.41B in various crypto assets, including 32,041 BTC ($2.01B) and 125,104 ETH ($380M).
  •  

    signal image

    Fig 1. 34 assets ($36.45M) were deposited to Gemini by Genesis Trading on May 9, 2024.

     

    signal image

    Fig 2. The current holding of Genesis Trading.

     

    Fig 3. Update for the Gemini Earn Program on X (formerly Twitter).

#genesis trading
#gemini
#deposit
#bankrupt
#user fund
#distribution