TechFlow News — Cryptocurrency exchange and custodian Gemini stated that Genesis Global Capital, LLC (Genesis), the lending partner for its Earn program, has suspended withdrawals and cannot meet customer redemptions within five business days. "We are working closely with the Genesis team to help customers redeem funds from the Earn program as quickly as possible. Genesis and its parent company, Digital Currency Group, have committed to doing everything they can to fulfill the Earn program's obligations to customers and will continue communicating with all Earn customers."
Gemini also emphasized that this issue does not affect any other Gemini products or services, confirming that all customer funds held on its platform are fully backed 1:1 and available for withdrawal at any time.Original link
