Gemini Genesis News: Crypto exchange Gemini appears to be the latest victim of the contagion from FTX collapse, followed by adverse effects for BlockFi, Genesis and the Digital Currency Group (DCG). Earlier, crypto lender BlockFi officially filed for chapter 11 bankruptcy owing to the market effects caused by the FTX meltdown. While it remains to be seen as to how many more companies would fall victim to the FTX downfall, it is important to safeguard the interest of Gemini customers. According to latest reports, the crypto exchange is owed to the tune of nearly $1 billion by Genesis trading
Gemini Customers At Risk
The Winklevoss brothers are reportedly working on recovering the funds. According to a Financial Times report, the users of Gemini exchange are owed $900 million.
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Source: https://coingape.com/crypto-news-gemini-genesis-owed-nearly-1-billion/