Gemini has confirmed it withdrew $282 million of its Earn users funds from the bankrupt crypto lender Genesis in August last year into its liquidity reserve, according to a Sept. 28 statement. The exchange made this statement in response to a New York Post report alleging that the crypto platform’s co-founders, Tyler and Cameron Winklevoss, […]
The post Gemini confirms it withdrew $282M from Genesis to boost liquidity reserves in 2022 appeared first on CryptoSlate.
In compliance with the regulatory framework in the Netherlands, Gemini cryptocurrency exchange, headquartered in New York, has temporarily ceased its operations in the Dutch market. This comes as the platform found itself needing help to fulfill the re…
Gemini will reportedly cease operations in the Netherlands due to regulatory requirements imposed by the De Nederlandsche Bank (DNB)
Gemini Trust Co., a leading crypto exchange has expressed disappointment and frustration with a recent New York Post’s reporting, asserting that the story it peddled with respect to its Earn Program was not only inaccurate but also a deliberate attempt…
Gemini Trust Co., a crypto exchange, reportedly withdrew $282 million from Genesis Global Holdco LLC months before Genesis filed for bankruptcy
Did the Winklevoss twins know about Genesis’s financial issues before its collapse, given their significant withdrawals?
According to two sources, the Winklevoss twins withdrew the $280M from Genesis to allow Gemini Earn users to make immediate redemptions.
The post Sources say Winklevoss twins withdrew $280M from Genesis before it collapsed appeared first on Protos.
