Novogratz’s Galaxy Has No Exposure to Genesis Lending, Gemini’s Earn Program

Galaxy Digital Holdings Ltd., the crypto financial services firm founded by billionaire Michael Novogratz, has no exposure to Genesis’s lending business and Gemini Trust Co.’s Earn program, it said in a statement.

“Galaxy continues to manage risk prudently and remains well-positioned to help clients navigate the current market environment,” a spokesman for the firm said.