The collapse of FTX and Alameda Research continues to reverberate through the crypto world — and more dominoes are falling.
State of play:
The Gemini Earn program allowed users to deposit their coins in exchange for regular interest payments — typically at generous rates that could be as high as 8%.posted on its site, Gemini pointed out that its lending partner in the Earn program — a separate crypto lender known as Genesis — had "paused withdrawals and will not be able to meet customer redemptions within the service-level agreement of 5 business days.
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