Gemini, BlockFi, Genesis announcing new restrictions as FTX contagion spreads. The lending arm of the crypto investment bank Genesis Global Trading is pausing new loan originations and redemptions.

The decision reflects a sign of contagion outside of cryptocurrency lender BlockFi, which is reportedly preparing for a potential bankruptcy filing, according to The Wall Street Journal.

“We recognize how challenging this past week has been due to the impact of the FTX news. At Genesis we are entirely focused on doing everything we can to serve our clients and navigate this difficult market environment,” Genesis wrote in a tweet.

“Our #1 priority is to serve our clients and preserve their assets.”

Later Wednesday morning, the Winklevoss brothers’ Gemini exchange said it was pausing withdrawals on its interest-bearing Earn accounts as a result of Genesis’ changes. Genesis is the lending partner for that program.

“We are working with the Genesis team to help customers redeem their funds from the Earn program as quickly as possible. We will provide more information in the coming days,” Gemini said, noting that the change doesn’t impact any other Gemini products and services.

The decision reflects a sign of contagion outside of BlockFi, which is reportedly preparing for a potential bankruptcy filing, according to The Wall Street Journal. The cryptocurrency lender had already halted withdrawals of customer deposits and admitted that it has “significant exposure” to the now-bankrupt crypto exchange FTX and its sister trading house, Alameda Research.