GENESIS Halts Withdrawals-Gemini & Genesis Are Related

SOURCE: https://www.coindesk.com/business/2022/11/16/genesis-crypto-lending-unit-is-halting-customer-withdrawals-in-wake-of-ftx-collapse/

Genesis owner Digital Currency Group (DCG) is also the parent company of CoinDesk.

The announcement was noted by Gemini, the crypto exchange and custodian that has a partnership with Genesis.

A related post here has been called FUD, it is not.

All one has to do is read the news.

I know people personally that have not been able to withdraw, (they notified me).

In the last piece I posted (removed for not being sufficiently "fruitful"):

https://np.reddit.com/r/ethereum/comments/ywzf34/heads_up_gemini_exchange_rumored_to_halt_all/

(replace "np" with "www" to access original now removed post)

.....comments like this were made:

Typical shoot the messenger.

And I note for the accurate record: KRAKEN is indeed also in trouble:

https://np.google.com/search?client=opera&q=kraken+ceo+departure+%2Btradingview&sourceid=opera&ie=UTF-8&oe=UTF-8

It is a public disservice to try to keep a lid on this news, without it, people can and likely will get hurt. "Think!" indeed.

- Negative \"Community Karma\" = Shoot The Messenger Syndrome -