Genesis Global Capital, Luno's lending partner for Savings Wallet yield, has halted withdrawals

Jan

Who's the Boss?
Staff member
Joined
May 24, 2010
Messages
10,411
Luno Savings Wallet partner halts withdrawals

Luno’s lending partner for its Savings Wallet product, Genesis Global Capital, has temporarily suspended redemptions and new loan originations.

All cryptocurrency withdrawals on Luno remained available at the time of publication.
 

Aghori

Honorary Master
Joined
May 11, 2009
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14,245
As the saying goes, a fool and his money are soon parted. I've seen so many associates buy/invest into exchanges out of greed, and end up losing. If you have extra money, spend it on drugs and hookers.
 

mugikhan

Senior Member
Joined
Dec 5, 2013
Messages
518
As the saying goes, a fool and his money are soon parted. I've seen so many associates buy/invest into exchanges out of greed, and end up losing. If you have extra money, spend it on drugs and hookers.

Gold price over the past 10 years. “A fool and his money are soon parted”.
 

rvZA

Honorary Master
Joined
Jan 3, 2021
Messages
16,572
Oopsie daisies.... now that did not take long.... Kiss your money good-bye.

If you still have crypto on any other exchange, now is the time to cash in and withdraw your funds while you can.
 

mugikhan

Senior Member
Joined
Dec 5, 2013
Messages
518
Huh? I suggest you go and actually check the gold prices for the last 10 years...

0df43bff770674171bd7b4937f5e62a6.jpg

I love gold
 

notayoba

Expert Member
Joined
Feb 19, 2010
Messages
1,692
Out of interest - is there any crypto company that’s suspended withdrawals that hasn’t gone bankrupt?
The general script is:

-We're not affected
-We're temporarily suspending withdrawals for your own safety because of everyone else being an idiot. But don't worry, your money is safe.
-Hmm, it looks like we've been slightly affected, but your money is safe.
-Ok, due to circumstances out of our control we've been heavily affected. Your money might be slightly less now.
-Mumble mumble something something flee to some island. Your money is now gone.
 
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