Shoude Shi

@donutapp Where’s the update for today?

Update: Over the holiday, all parties continued working towards a best resolution - we're hopeful to provide more material information by end of week. All assets that were with our non-Genesis lending partners remain available for withdrawal. help.donut.app/en/articles/67…

Thank you for your continued patience, understanding and words of encouragement. Starting today, and every Tuesday and Friday until a resolution is reached, we will publish updates to our FAQ with the latest material information available. help.donut.app/en/articles/67…

@donutapp Omg 95% of the funds are with genesis? That’s literally putting all eggs in one basket…

Updates: We've aligned with 2 other large creditor groups and appointed a joint financial advisor, Houlihan Lokey. No timelines, but we continue to have positive dialogue. Withdrawals for all funds not on Genesis will be opening soon (within 10 days). help.donut.app/en/articles/67…

@HunterBoody1 @donutapp @theneelpopat Don’t count on it

@donutapp @theneelpopat let’s pray for some good news soon

@donutapp Atleast release the funds from other lenders that wasn’t impacted by this please!

We remain in conversation with Genesis, DCG, and a group of creditors. We've updated our FAQ accordingly, including answers to some questions we received this week: help.donut.app/en/articles/67…

@john_wade_hess @Scootmcpoot @donutapp @theneelpopat Ya I don’t think it’s that little. I highly doubt it’s that little . No way .

@Scootmcpoot @ShiShoude @donutapp @theneelpopat More like 5 cents🤣

@AutumnRain618 @theneelpopat @donutapp Either situation we’re not going to be the winner

@theneelpopat @AutumnRain618 @donutapp I bet that update going to be the same with nothing new from genesis

@AutumnRain618 @donutapp We'll share an update today

@6stringdisciple @theneelpopat @JustinJDean @donutapp Yes I want to be able to pull my money out. Any amount is better than nothing .

@theneelpopat hope you had a great Thanksgiving. Looking forward to any @donutapp updates this week. 🙏🏼🤞

@GenesisTrading Hello any updates ?

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.

@donutapp @markscelfo @cieletchanson @VeenaDoll_ @Eischman1 You can’t have a resolution if genesis don’t release the fund or have the funds to fulfill their obligations

@markscelfo @cieletchanson @VeenaDoll_ @Eischman1 We're heads down working on a resolution!

1/ Update for Donut users 🍩 We continue to work directly with Genesis, its parent company DCG, and a group of creditors in a similar position, to find a resolution for users to redeem their funds.

@Insights4U @BigPoppaH7 @hv_tph @donutapp @john_wade_hess I guess we are going lose more than 50% of our funds…

@BigPoppaH7 @hv_tph @donutapp @ShiShoude @john_wade_hess The parent company of Genesis, and its CEO, made it clear that if they have to choose, they would let the lending company (Genesis) fall because the parent company is very profitable to avoid upsetting their shareholders.

@vokeypunch @donutapp You have that much money invested in it omg 😱.

@donutapp Ya this update was useless. Either genesis get the necessary fun or not. I just want to pull out with what amount that’s left.

5/ We greatly appreciate your patience during this challenging time. Our team will continue to work hard to provide updates with material information soon 🙏

@john_wade_hess @BigPoppaH7 @donutapp Not necessarily all of it. Because the funds are also in other lending partners who wasn’t impacted

@ShiShoude @BigPoppaH7 @donutapp That’s moneys gone😳

@BigPoppaH7 @donutapp I got 24k in there 😩. I want to be able to withdraw at least more than 80% of it…

@donutapp Assume the money is gone until this FTX clusterfuck is resolved... Which will be never.

@donutapp Will there be an update today? Thanks!

Hey all 👋 This morning, Donut’s principal lending partner, Genesis, paused withdrawals along with new loan originations. Here’s what that means for Donut users:

@donutapp A lot of people will be withdrawing their money after this. Two times in a year is too much.

Hey all 👋 Thank you for your continued trust and patience as we navigate this situation together! To honor our 48 hour commitment, here’s the latest update: help.donut.app/en/articles/67…

@rg92588281 @214Texan @donutapp I don’t think the money will be impacted since there previous communication said that we were not exposed to FX collapse

We spent this week's extra hour in the bakery working on a sweet treat for you. Open your app to activate the 4th Fall Fridays boost and earn an extra +6% APY on DST. That's Donut Saving Time 🙃

@snowboard247247 @donutapp Related to genesis news.

@donutapp whats going on with frozen withdrawals?