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This article is confusing. They withdrew assets from what bank? Before what collapsed?

• pests 3y ago
  I agree it's not written well. They are talking about Gemini, the crypto exchange the twins ran. They withdrew funds from Gemini before Gemini collasped.
  • wslh 3y ago
    Don't confuse Gemini (their exchange) with Genesis, the bankrupt company from DCG.
  • faraggi 3y ago
    Gemini didn't collapse, Genesis did. The article is very clickbaity.
  • proee 3y ago
    They withdrew funds from Genesis, not Gemini. AFAIK, Gemini has not collapsed.
  • thebradbain 3y ago
    Gemini did not collapse though. Genesis, a lending company that Gemini held deposits customers who opted into their “Earn” program, collapsed. Gemini the actual NYC-compliant exchange is still solvent (and afaik still compliant)