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FTX contagion in S.Korea: GOPAX halts Genesis-backed DeFi

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South Korean crypto exchange GOPAX has halted the withdrawal of principal and interest payments in its decentralized finance (DeFi) service GOFi, which brokers products from global crypto lender Genesis Global Capital, LLC., the exchange announced on Thursday in Asia. The suspension at GOFi is prompted by partner Genesis Global Capital, which halted redemptions and new loan originations at lending arm Genesis Global Trading, GOPAX said in its announcement. (forkast)

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