{"id":290917,"date":"2023-01-20T13:00:28","date_gmt":"2023-01-20T13:00:28","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=290917"},"modified":"2023-01-20T12:57:15","modified_gmt":"2023-01-20T12:57:15","slug":"genesis-trading-wallets-halted-holding-over-280m","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/genesis-trading-wallets-halted-holding-over-280m\/","title":{"rendered":"Genesis Trading wallets halted \u2013 holding over $280M"},"content":{"rendered":"<p>Genesis Trading appears to have halted all wallet on-chain operations on Jan. 20 after <a href=\"https:\/\/cryptoslate.com\/genesis-global-caves-to-liquidity-issues-and-files-for-chapter-11-bankruptcy\/\">filing<\/a> for Chapter 11 bankruptcy in the Southern District of New York<\/p>\n<p>The wallets\u00a0 hold over $280 million in crypto \u2014 144,847 in Ethereum (<a href=\"https:\/\/cryptoslate.com\/coins\/ethereum\">ETH<\/a>) worth $220 million \u2014 as of press time.<\/p>\n<h2>Current wallet holdings<\/h2>\n<p>Genesis Trading's nine remaining top 10 crypto holdings include Compound (<a href=\"https:\/\/cryptoslate.com\/coins\/compound\/\">COMP<\/a>), The Sandbox (<a href=\"https:\/\/cryptoslate.com\/coins\/the-sandbox\/\">SAND<\/a>), Apecoin (<a href=\"https:\/\/cryptoslate.com\/coins\/apecoin-ape\/\">APE<\/a>), Decentraland (<a href=\"https:\/\/cryptoslate.com\/coins\/decentraland\/\">MANA<\/a>), Aave (<a href=\"https:\/\/cryptoslate.com\/coins\/aave\">AAVE<\/a>), Curve DAO (<a href=\"https:\/\/cryptoslate.com\/coins\/curve-dao\">CRV<\/a>), Pax Dollar (<a href=\"https:\/\/cryptoslate.com\/coins\/paxos-standard-token\/\">USDP<\/a>), The Graph (<a href=\"https:\/\/cryptoslate.com\/coins\/the-graph\/\">GRT<\/a>), Basic Attention Token (<a href=\"https:\/\/cryptoslate.com\/coins\/basic-attention-token\/\">BAT<\/a>) and Uniswap (<a href=\"https:\/\/cryptoslate.com\/coins\/uniswap\/\">UNI<\/a>).<\/p>\n<figure id=\"attachment_290952\" aria-describedby=\"caption-attachment-290952\" style=\"width: 485px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-290952 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/gen-2.png\" alt=\"Genesis Trading wallets holdings - (Source: Arkham Intelligence)\" width=\"485\" height=\"383\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/gen-2.png 485w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/gen-2-300x237.png 300w\" sizes=\"(max-width: 485px) 100vw, 485px\" \/><figcaption id=\"caption-attachment-290952\" class=\"wp-caption-text\">Genesis Trading wallets holdings &#8211; (Source: Arkham Intelligence)<\/figcaption><\/figure>\n<h2>Flooded with fake tokens<\/h2>\n<p>Transactions four hours ago into Genesis Trading's wallets took place, but were just inflows of fake &#8216;GENESIS' tokens flooding in.<\/p>\n<figure id=\"attachment_290929\" aria-describedby=\"caption-attachment-290929\" style=\"width: 935px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-290929 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/genesis.png\" alt=\"Genesis Trading wallet transactions - (Source: Arkham Intelligence)\" width=\"935\" height=\"275\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/genesis.png 935w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/genesis-300x88.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/genesis-768x226.png 768w\" sizes=\"(max-width: 935px) 100vw, 935px\" \/><figcaption id=\"caption-attachment-290929\" class=\"wp-caption-text\">Genesis Trading wallet transactions &#8211; (Source: Arkham Intelligence)<\/figcaption><\/figure>\n<p>The last transaction originating from Genesis Trading was 12 hours ago at press time \u2014 a distinct change from the wallets' usual multiple transactions per hour pattern of behavior.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Genesis Trading appears to have halted all wallet on-chain operations on Jan. 20 after filing for Chapter 11 bankruptcy in the Southern District of New York The wallets\u00a0 hold over $280 million in crypto \u2014 144,847 in Ethereum (ETH) worth $220 million \u2014 as of press time. Current wallet holdings Genesis Trading&#8217;s nine remaining top [&hellip;]<\/p>\n","protected":false},"author":1398,"featured_media":290983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,77901],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Genesis Trading wallets halted \u2013 holding over $280M<\/title>\n<meta name=\"description\" content=\"Genesis Trading wallets have ceased transactions over the last 12 hours after announcing it is filing for bankruptcy.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/genesis-trading-wallets-halted-holding-over-280m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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