MoversSomeguy↓416Afi↓374aadvark↓2630xSammy↓253Mitsuo↓249Tradevitalik.eth↑43.1%Anton Boiarchuk↑9.6%Biti8↑3.2%Cuzzo 🛡️↓4.2%VouchesMLO990 WHUF → Serpin TaxtMLO496 WHUF → CirrusMLO100 WHUF → Phoenix 🐦‍🔥MLO100 WHUF → OSFReviewsJeetupositive · 69 upvotesjeff.hlpositive · 46 upvotesDegen Ape Traderpositive · 32 upvotesaikendrum.ethpositive · 18 upvotes
Profile· Known@GenesisTradingOn Ethos
Genesis

Genesis

19 reviews, 95% of them positive.95% positive · 19 reviews· Influence factor 33, above 6% of accounts
“Can Genesis Trading Be Trusted? A Candid Assessment”Genesis Trading, established in 2013, has long been recognized as a significant player in the cryptocurrency industry, particularly in over-the-counter (OTC) trading for institutional clients. However, recent developments have raised questions about its trustworthiness. Regulatory and Financial Challenges Bankruptcy Filing: In January 2023, Genesis Global Capital, a lending arm of Genesis Trading, filed for Chapter 11 bankruptcy. This move was primarily due to substantial exposure to the collapses of Three Arrows Capital and FTX, leading to significant financial losses. Regulatory Scrutiny: The New York Department of Financial Services (NYDFS) fined Genesis Global Trading $8 million and revoked its BitLicense in January 2024, citing deficiencies in its compliance program. SEC Lawsuit: The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Genesis Global Capital and Gemini in January 2023 for allegedly offering unregistered securities through the Gemini Earn program. Customer Feedback and Reputation Customer reviews on platforms like Trustpilot have been overwhelmingly negative, with users reporting issues such as unresponsive customer service, withdrawal problems, and allegations of fraudulent activities. Conclusion While Genesis Trading was once a reputable entity in the crypto space, recent financial troubles, regulatory actions, and negative customer experiences have significantly tarnished its reputation. Potential users and investors should exercise caution and conduct thorough due diligence before engaging with Genesis Trading or its affiliated services.C͢h͢i͢d͢e͢x͢ · 1379· 1y ago · neutral6
12 of 19 · most upvoted firstMore ›