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A comment on Genesis' Crypto-Lending Unit Is Suspending Withdrawals in Wake of FTX Collapse. Parent comment

Re:Genesis' Crypto-Lending Unit Is Suspending Withdrawals in... by shkkmo on Wednesday November 16, 2022 @11:49AM (#33626219)
I don't think that information is public to protect privacy...but any balances over the limit in a failed bank would result in non-insured losses.
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Re:Genesis' Crypto-Lending Unit Is Suspending Withdrawals in... by jmalicki on Wednesday November 16, 2022 @01:38PM (#33628218)
That's actually not true [1] - the FDIC has continued the practice of covering balances over the insured limit despite not being required to.

[1] https://www.americanbanker.com/opinion/will-fdic-keep-protec...

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Re:Genesis' Crypto-Lending Unit Is Suspending Withdrawals in... by shkkmo on Wednesday November 16, 2022 @07:54PM (#33633443)
Interesting, glad they're doing that but ok probably best not to count on that policy if you don't have to.
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