BlockBeats: On November 18, Uruguayan payments giant DLocal was the latest company to disclose its exposure to the FTX, stating in its third quarter earnings report that it had an exposure of US $5.6 million. "" We do not work with any other cryptocurrency trading platform and our exposure to the cryptocurrency ecosystem is minimal, as FIA payments processed for cryptocurrency trading platforms amounted to less than 0.3 percent of our TPV (total payments) in the third quarter of 2022," "the company said.

BlockBeats news: On November 17, Newfire stated that, with the exception of its subsidiary Hbit, NewFire and its subsidiaries have no financial exposure to Genesis. New Fire added: "In this FTX incident, Hbit, a subsidiary of Xinhuo Technology, has some capital exposure on FTX, for which we are actively taking various solutions, including taking legal approaches, to recover the losses as soon as possible. Meanwhile, we hope to be responsible for the platform customers with the attitude of" priority compensation and simultaneous recovery ". Mr. Li Lin, the majority shareholder of the company, has entered into an unsecured zero-interest financing agreement with Sunfire and the company is operating normally. For details, please refer to the company's announcement on the Hong Kong Stock Exchange dated 14 November. Furthermore, Sunfire and its subsidiaries have no financial exposure in Genesis." Earlier today, Justin Sun said: "Huobi has no relationship or risk exposure to FTX and Genesis loans. The listed company Xinhuotech may be related to the two, but the listed company Xinhuotech has no relationship with Huobi. In the future, please carefully distinguish the relationship between the listed company Xinhuotech and Huobi."

BlockBeats news: On November 17, South Korean crypto trading platform Gopax announced that due to the suspension of redemptions of its crypto wealth management product GOFi by its partner Genesis, GOFi is now delaying its principal and interest payments. Gopax requested the redemption of all assets prior to the announcement to protect customer assets, but the redemption has not been carried out. Gopax said the deferred debt service applies to GoFi products and has no impact on ordinary customer assets. "DCG is Gopax's second largest shareholder and the most important business partner in the current digital asset ecosystem," Gopax said. "Even if there is a delay in payment, Gopax will do its best to ensure that customers are able to redeem their GoFi deposits."

BlockBeats, November 17, Blockchain.com CEO Peter Smith says, "Blockchain.com has no counterparty exposure to Genesis Lending, Genesis Trading or any related entity. Expect them to work to protect their customers and markets while addressing the challenges facing their business."

BlockBeats news: On November 17, Justin Sun said on his social media platform that Huobi has no relationship or risk exposure to FTX and Genesis loans, and the listed company Xinhuo Technology may be related to the two, but the listed company Xinhuo Technology has no relationship with Huobi. In the future, please carefully distinguish the relationship between the listed company Xinhuo Technology and Huobi.

BlockBeats news: On November 17, Crypto.com CEO Kris Marszalek said on his personal social platform that Crypto.com has zero exposure to Genesis and Gemini Earn.

BlockBeats news: Crypto trading platform OKX tweeted on November 17 that it has not been approached by Genesis, Gemini or BlockFi and does not work with third-party service providers on its OKX Earn product in order to minimize counterparty risk.

BlockBeats News: On November 17, cryptocurrency market maker Wintermute said on its social platform that Wintermute does not have any outstanding loans or collateral with Genesis and is not currently trading off-market with Genesis, So no Genesis exposure.

According to BlockBeats, on November 17, USDC publisher Circle posted on social media: "Circle Yield is an over-collateralized term yield product in which Genesis is a counterparty to Circle. As of November 16, 2022, Circle Yield customers have a total outstanding loan of $2.6 million and are protected by robust mortgage agreements. The outstanding loan balance remains over-collateralized at this time and Circle will insure the loan against potential losses."

BlockBeats News: On November 17, Luno, a cryptocurrency trading platform and subsidiary of Digital Currency Group, posted that Luno's operations will not be affected by Genesis' recent announcement and that customer funds are safe, All Savings Wallet funds are now on the Luno platform, besides the savings function is not available in Malaysia.