There is data to suggest that the customer funds sent to Genesis Block were processed and received by Alameda, according to emerging reports from Mike Burgersburg of Dirty Bubble Media. Burgersburg recently provided critical insights into the space, such as the flawed tokenomics of FTX’s FTT token ahead of CZ’s decision to sell its tokens. 

A former Genesis Block customer recently shared with Dirty Bubble Media more than two dozen transactions he had with Genesis Block. As reported, over the past two years, the customer has sold Ether, Tether stablecoins (USDT), and Circle stablecoins (USDC) to Genesis Block, which has wired the funds to their bank account.

(by Soumen Datta)