Gopax Says Some Payments Being Delayed Due to Genesis Global

South Korean crypto exchange Gopax notified its users that payments in one of its depository products linked to Genesis Global Capital are being delayed, according to a statement on its website posted late Wednesday.

• The product named ‘GOFi’ is provided by Genesis, Gopax’s second largest shareholder and a key business partner
• Genesis asked Gopax users for patience as it will come of with a plan to normalize liquidity by next week, statement says citing Genesis
• Gopax has made requests earlier to Genesis to repay all customer funds but repayment hasn’t taken place yet; talks with Genesis’ parent company Digital Currency ...