FTX cuts the Winklevoss Brothers

Cryptocurrency brokerages Gemini and Genesis are reassuring people that their operations are still solvent after the massive FTX exchange disaster.

FTX’s insolvency could lead to serious liquidity problems for more companies in the industry, including crypto exchanges and lenders.

Gemini, the exchange founded by the Winklevoss twins, is trying to calm down crypto investors. The exchange said Wednesday it would stop withdrawals on its interest-bearing Earn accounts. Genesis is the lending partner for the Earn accounts.

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