FTX Collapse Slaps the Winklevoss Brothers

FTX Collapse Slaps the Winklevoss Brothers

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Buzz Update FTX Collapse Slaps the Winklevoss Brothers

Cryptocurrency brokerages Gemini and Genesis are reassuring people that their operations are still solvent after the massive collapse of exchange FTX.

The insolvency of FTX could result in more companies in the industry facing severe liquidity issues, including crypto exchanges and lenders.

Gemini, the exchange founded by the Winklevoss twins, is attempting to calm crypto investors. The exchange said on Wednesday that it would halt withdrawals on its Earn accounts that provide interest. The lending partner for the Earn accounts is Genesis.

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Times Of Update Team

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