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Luno’s Parent Company Is Having A Wobbly

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Luno, South Africa's biggest cryptocurrency exchange, is directly linked to companies affected by the collapse of FTX.

As someone who has lost a decent chunk of change due to the great crypto crash of 2022, I really don’t want it all to come tumbling down.

Both Luno and Genesis are owned by US parent company Digital Currency Group . DCG warned of “extreme market dislocation and loss of industry confidence caused by the FTX implosion” and said it was in “constructive conversations with creditors”… Luno was started in 2013 in South Africa and has more than 10 million customers in 40 different countries.

“Luno remains a wholly owned, independent operating subsidiary of DCG and this has not changed. Luno’s customers and operations haven’t been affected during this period,” Reitz said…

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