Even as Genesis’ crypto-lending business filed for bankruptcy, the company’s trading arm, which remained out of Chapter 11, was still moving money around on blockchains, indicating that the business was still operating at least somewhat normally. According to blockchain data compiled by Etherscan, a wallet controlled by the Genesis OTC trading desk sent approximately $125 million in ETH, FTM, and USDT to Coinbase, Binance, Bitstamp, and Kraken on Thursday, the day of the bankruptcy filing. The wallet has transacted several times in the last few hours, receiving nearly $50 million USDC.
