According to a person familiar with the situation who told CoinDesk, customers whose money is locked up on the trading and lending platform Genesis and who have sought legal advice on the matter currently account for approximately $1.8 billion in loans. According to the Financial Times, a group of customers who used cryptocurrency exchange Gemini’s Earn programme, which is linked to Genesis, were owed $900 million after Genesis’ lending unit halted customer withdrawals on Nov. 16. A second group of assorted Genesis creditors, with loans totaling $900 million, is represented by law firm Proskauer Rose, according to a second source. The Proskauer group brings the total to $1.8 billion, with more on the way.
