The Canadian crypto lender says it stopped having any relationship with the troubled Genesis crypto lending unit after October.
Ledn says it is unaffected by Genesis pausing withdrawals as it hasn’t had a relationship with the latter since last month.
The crypto lender says it is operating as usual amid reports of financial trouble across competitors. Canadian crypto lender Ledn said it has no exposure to Genesis Global Capital and is fully operational after the latter paused withdrawals. Genesis Global Capital, which is suspending withdrawals, was Ledn's primary lending partner at the start of its operations. Ledn has since reduced its risk concentration by diversifying its pool of lending partners, Ledn
. The crypto lender added that it did not have any active lending relationship with Genesis beyond October.
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