TechFlow News — Gemini, the cryptocurrency exchange, stated on Twitter that it is closely monitoring the situation regarding Silvergate Bank. The exchange currently holds no customer funds or GUSD reserves at Silvergate.
Additionally, Gemini has stopped processing customer deposits/withdrawals via ACH and halted wire transfers through Silvergate.
Gemini places customer funds in banks insured by the U.S. Federal Deposit Insurance Corporation (FDIC).Original link




