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Gemini promises that “all customer funds held on the Gemini exchange are held 1:1 and available for withdrawal at any time.” And, apparently, they’re just temporally halting withdrawals in one of its services.
Genesis Global Capital, LLC (Genesis) — the lending partner of the Gemini`s Earn program — has paused withdrawals and will not be able to meet customer redemptions within the service-level agreement (SLA) of 5 business days.
More info: https://bit.ly/3UJNR2t