Seems Genesis unable to get $1B loan ,Binance washed the hand as usual . Gemini is struggling to pay the deposited fund to their customers. If Gemini unable to recover then they have to pay back from their packet to keep the reputation otherwise they might loose significant number of users. https://twitter.com/gemini/status/1594866655489933312?s=46&t=VTQZkhq7L7aB2XEeQZC2ow
Can I interest you in monkey jpegs
that’s not what the tweet says. in fact the opposite. or are you trying to add new info and your english very poor. or did you link the wrong tweet
Genesis exposed over $2B loan to 3AC and unable to recover it, now Genesis impacted by FTX collapse. Gemini won’t recover anything from Genesis ,Genesis unable to get any new funds . You have to watch all the news around the world (don’t trust Gemini or any CEX tweets). FTX hacker is further damaging the market by selling ETH and converting to BTC.
absolutely!! but that is not what the tweet says. you cited the tweet as evidence for your statement. the tweet is the opposite > Gemini is struggling to pay the deposited fund to their customers tweet: deposits are 1:1 custody your comment is no great revelation. duh any product that pays fake interest for fake tokens is obviously ponzi. that’s not customer deposits which per tweet are strict custodial
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NFT is piece of thrash