Coinspeaker
Gemini Withdrew $282M Worth of Earn Users’ Funds before Genesis Collapse
In August of the previous year, cryptocurrency exchange Gemini transferred $282 million from its Earn users’ funds to its liquidity reserve, as stated by the company in response to a New York Post article published on Thursday, September 28.
The article had claimed that the Winklevoss founders, Cameron and Tyler Winklevoss, withdrew over $280 million, whether from corporate or personal funds, as per an unnamed source cited by the Post. Gemini took to the social media platform X (formerly Twitter) to label the story as “misleading” and “pure fantasy”.
In its recent post, the Gemini Trust Co noted:
“Everything the Post alleges in its story is the exact opposite. The $282 million that was withdrawn from Genesis in August 2022 was in fact Earn users’ money.”
Gemini has chosen to bolster its liquidity reserves in response to the market turbulence experienced during the summer of 2022, whic
We współpracy z: https://www.coinspeaker.com/gemini-282m-earn-funds/
