Crypto Exchange Gemini Marks $570M In Withdrawals In 24 Hours
CoinEdition
Published Nov 17, 2022 02:53AM ET
Crypto Exchange Gemini Marks $570M In Withdrawals In 24 Hours
- Cryptocurrency exchange Gemini observes withdrawals worth $570 million.
- Gemini is suffering repercussions of the FTX collapse as fears cloud the crypto industry.
- Gemini’s digital asset balances dropped from $2.2 billion to $1.7 billion in 24 hours.
Winklevoss Brother’s cryptocurrency exchange Gemini is currently suffering from repercussions of Sam Bankman-Fried’s FTX bankruptcy, alongside all the crypto firms in the industry. In the last 24 hours, Gemini has seen withdrawal outflows totalling $570 million.
Meanwhile, the Gemini platform experienced an Amazon (NASDAQ:AMZN) Web Services EBS outage with one of our primary databases. However, it was soon resolved and the exchange was restored.
The post Crypto Exchange Gemini Marks $570M In Withdrawals In 24 Hours appeared first on Coin Edition.
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