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Let's be clear: this says they're _pausing_ withdrawals. Could be forever or it could be like FDR's Bank Holiday to allow a calm amount of transactions to occur
by andirk 4y ago
Let's be clear: this says they're _pausing_ withdrawals. Could be forever or it could be like FDR's Bank Holiday to allow a calm amount of transactions to occur over time.
Welp, once again I am proud of myself for being a gambler with the winds of luck at my back, and this is another example: I took out all my GUSD -> USD including a couple thousand $ profit from the Earn program a few weeks ago. Not because I was ahead of the game but because I used that $ for my house remodel. Thanks Gemini!
- cuteboy19 4y agoThese companies operate out of pacific islands. All they have is trust. Once trust is broken it is gone. There is no unpause
- andirk 4y agoGemini made it very clear that the Earn program had exposure to risk and described that risk step-by-step. Low risk, low reward. Gemini the exchange is supposedly regulated similar to an American bank and as far as I know not directly affected by or responsible for the pausing of Earn withdrawals. My hope is that it's a matter of low liquidity at a moment rather than some1 ran out the back door w/ the loot.