Crypto lender Genesis allegedly owes $900M to Gemini's clients: Report

to the exchange status page. The product remains unavailable at the time of writing, while all other Gemini services, including the exchange trading engine and the Gemini Credit Card remain available.

Gemini has formed a creditor's committee and is working to recoup the funds from Genesis and DCG, noted the report. In an effort to restore clients' trust amid fears of contagious spread following FTX's fall, Gemini announced on Nov. 29 its Trust Center, dashboard showing metrics for funds held by Gemini and on the exchange's behalf.

In the Tweeter thread about the Trust Center, however, Earn program clients stated they would regain their trust once withdrawal earnings resumed. Gemini will not be trusted by anyone if the EARN situation is not resolved for your customers. Do not create and market a product that has absurd risk to your customer's funds. Not ethical for Gemini to collect fees but take no responsibility. Not good care for your customers.

Source: News Formal (newsformal.com)

Ouch

🤣🤣🤣 Gemini

Another one is saved ! You and your team are wonderful and wanting to thank you. For all that you guys do! CyrilpaybackExp

The management at Gemini are fools and always have been which is why over a year ago now I ceased to do any business with them. And now the proof have come home to roost!

We’ve only just begun… (btw: “Tweeter”?!?! 🤣🤣🤣)

Uff

XexaUsa

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