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

pests · 2023-09-28T20:07:17

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.

bradchris · 2023-09-28T20:19:10

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)

proee · 2023-09-28T20:16:20

They withdrew funds from Genesis, not Gemini. AFAIK, Gemini has not collapsed.

wslh · 2023-09-28T20:15:55

Don't confuse Gemini (their exchange) with Genesis, the bankrupt company from DCG.

faraggi · 2023-09-28T20:16:14

Gemini didn't collapse, Genesis did. The article is very clickbaity.