![]() A similar company called Ikigai revealed that it had lost access to a "large majority" of its assets on FTX. An Important Message Regarding Gemini Earn TEAM GEMINI We are aware that Genesis Global Capital, LLC (Genesis) the lending partner of the Earn program has paused withdrawals and will not be able to meet customer redemptions within the service-level agreement (SLA) of 5 business days. Sino Global, a crypto-centric investment company, announced it had a "mid-seven figures" exposure to the exchange on Tuesday. Gemini Earn Alot of us are nervous regarding the delays in Earn redemptions that started earlier in the week on the 9th/10th. ![]() In this Gemini review, we’ll look at the company’s services, verified third-party reviews, fees, and pricing. However, I have a very hard time, determining the level of risk I am taking by depositing GUSD through Earn on the Gemini platform. Are you afraid of scams in the crypto world Unfortunately, there are several crypto scammers that put your investments at risk. Gemini Earn: Key Information Feature 1: Interest Rates How Do Celsius and Gemini Make Money Feature 2: Security The Court of Public Opinion: Celsius vs. Today's moves from Gemini and Genesis are just the latest the ongoing fallout from the collapsing FTX Exchange led by Sam Bankman-Fried.īesides various lending outfits halting withdrawals, FTX's implosion has also left various trading desks and venture firms high and dry. To that end, the 8.05 APY offered thru Gemini Earn is enticing (as are other offers on other platforms).I feel very confident in assessing the risk of GUSD itself and its peg to 1.00 USD. Maybe the disclaimer is more for non-stable coin use, as you have to figure out your tax lots when you move coins in and out of Earn. The announcement added that the crypto exchange was working to redeem user funds from its Earn program "as quickly as possible." Gemini said that the move "does not impact any other Gemini products and services." "We are aware that Genesis Global Capital, LLC (Genesis) - the lending partner of the Earn program - has paused withdrawals and will not be able to meet customer redemptions within the service-level agreement (SLA) of 5 business days," Gemini's post read. Gemini is in discussions with Genesis, the UCC, and the AHG regarding appropriate next steps. ![]() ![]() These batches of Earn redemptions went from Pending, to Complete, back to Pending during this week, and now we are stuck on pending without access to our funds. "Gemini is partnering with accredited third-party borrowers including Genesis, who are vetted through a risk management framework which reviews our partners’ collateralization management process," reads the exchange's support page. Gemini Earn Alot of us are nervous regarding the delays in Earn redemptions that started earlier in the week on the 9th/10th. ![]()
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