FTX Collapse knocks down the Winklevoss brothers

Cryptocurrency brokers Gemini and Genesis are reassuring people that their operations are still solvent after the massive collapse of exchange FTX.

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

Gemini, the exchange founded by the Winklevoss twins, is trying to appease crypto investors. The exchange said Wednesday it would stop any withdrawals to its Earn accounts that accrue interest. The lending partner for the Earn accounts is Genesis.

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