FTX Contagion: On-Chain Analysts Reveal What’s Going On At Gemini

The contagion effects around the collapse of FTX still cannot be gauged. The close ties within the crypto industry have caused even a reputable exchange like Gemini to run into trouble with withdrawals. Genesis Global Capital, an institutional crypto lender, informed yesterday that it is “temporarily” suspending redemptions and new loan originations in its lending business.