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Gemini Withdrew $282M Worth of Earn Users’ Funds before Genesis Collapse

bossSeptember 29, 2023 Analysis

Gemini said that the recent report from New York Post is quite misleading and “pure fantasy”. The exchange added that all the funds belonged to its Earn users. In August of the previous year, cryptocurrency exchange Gemini transferred $282 million from its Earn users’ funds to its liquidity reserve, as stated

Genesis went bankrupt months after Gemini reportedly withdrew $282M in crypto

bossSeptember 29, 2023 Bitcoin News, News

Gemini Trust Co., a crypto exchange, reportedly withdrew $282 million from Genesis Global Holdco LLC months before Genesis filed for bankruptcy. Genesis and Gemini used to work together on the Earn program. Under this initiative, Gemini allowed users to lend crypto via Genesis and earn returns. This partnership appeared mutually beneficial

Bankrupt Crypto Gemini Genesis Months Reportedly Withdrew Read More

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Gemini Withdrew $282M Worth of Earn Users’ Funds before Genesis Collapse

Genesis went bankrupt months after Gemini reportedly withdrew $282M in crypto

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