Genesis Trading wallets halted – holding over $280M News ▸ Aave · Basic Attention Token · Decentraland · Ethereum · Uniswap ▸ Analysis
Genesis Trading wallets halted – holding over $280M
Genesis Trading wallets have ceased transactions over the last 12 hours after announcing it is filing for bankruptcy.
1 min read
Updated: Jan. 20, 2023 at 12:57 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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 hold over $280 million in crypto — 144,847 in Ethereum (ETH) worth $220 million — as of press time.
Current wallet holdings
Genesis Trading’s nine remaining top 10 crypto holdings include Compound (COMP), The Sandbox (SAND), Apecoin (APE), Decentraland (MANA), Aave (AAVE), Curve DAO (CRV), Pax Dollar (USDP), The Graph (GRT), Basic Attention Token (BAT) and Uniswap (UNI).
Flooded with fake tokens
Transactions four hours ago into Genesis Trading’s wallets took place, but were just inflows of fake ‘GENESIS’ tokens flooding in.
The last transaction originating from Genesis Trading was 12 hours ago at press time — a distinct change from the wallets’ usual multiple transactions per hour pattern of behavior.
Mentioned in this article
Ethereum 
Compound Coin 
The Sandbox 
ApeCoin 
Decentraland 
Aave 
Curve DAO Token 
Pax Dollar 
Basic Attention Token 
Uniswap 
The Graph 
Genesis Author 
Josh O'Sullivan
Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance as a whole.
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In this article
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
The Sandbox
$0.73439
The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain using the platform’s utility token SAND.
ApeCoin
$1.65010
ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.
Decentraland
$0.66397
Decentraland is a decentralized virtual reality (VR) platform built on the Ethereum blockchain.
Aave
$239.827
Aave is an open source and non-custodial protocol enabling the creation of money markets.
Curve DAO Token
$0.89997
Curve DAO (Decentralized Autonomous Organization) is a decentralized platform built on the Ethereum blockchain that aims to provide a stable and efficient market for trading stablecoins.
Pax Dollar
$1.00110
Pax Dollar (previously Paxos Standard) is a regulated crypto asset.
Basic Attention Token
$0.31809
Basic Attention Token (BAT) is an Ethereum-based token that improves the efficiency of digital advertising by creating a new unit of exchange between publishers, advertisers and users.
Uniswap
$14.0643
Since its inception, the Uniswap Protocol (“Uniswap”) has served as a trustless and highly decentralized financial infrastructure.
The Graph
$0.28668
The Graph is an indexing protocol that facilitates efficient data querying for networks like Ethereum and IPFS, playing a pivotal role in DeFi and the broader Web3 ecosystem.
Genesis
Genesis is an institutional digital asset markets and a full-service digital currency prime brokerage providing a single point of access for select qualified individuals and global institutional investors.