South Korean crypto exchange GOPAX has stopped the withdrawal of principal or interest payments in the Defi Service. Partner Genesis Global Capital was responsible for the suspension of GOFi. GOPAX today confirmed that the suspension of withdrawals at GOFi crypto savings products and interest payments is ongoing. This is the result of a partnership

  

South Korean crypto exchange GOPAX has stopped the withdrawal of principal or interest payments in the Defi service. Partner Genesis Global Capital drove the suspension at GOFi. GOPAX confirmed today that the suspension is still in effect. Partner Genesis Global Capital initiated new loans and halted acquisitions at Genesis Global Trading. This was due to the impact on FTX’s liquidity crisis. According to recent reports, the global crypto lender seeks a $1 billion emergency loan by Monday. GOPAX claimed that it had asked Genesis to restore all GOPAX user resources before Genesis made the announcement. However, it has yet to receive payment. Digital Currency Group is the second largest shareholder of Gopax. Digital Currency Group is the second-largest shareholder of Gopax. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comFoxyCoincu NewsTags: # Cryptocurrencies#MarketsBlockchaincryptoFTX CollapseGenesisGopaxKoreanwithdrawals