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Adrian R's avatar

Hi,

As always, there is nothing certain in crypto. However, there seem to be several links between FTX, BlockFi and Gemini. For example:

1. Gemini may own BlockFi: https://www.zippia.com/answers/who-owns-blockfi/

2. Or is at least the custodian of BlockFi: https://www.gemini.com/blog/gemini-crypto-under-custody

3. BlockFi has run into trouble after the FTX collapse: https://www.coindesk.com/business/2022/11/10/crypto-lender-blockfi-pauses-withdrawals-in-wake-of-ftx-collapse/

The question is: if BlockFi becomes insolvent due to FTX, how would that affect Gemini? That's anybody's guess

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Adrian R's avatar

From the names you provided Gemini would appear the weakest. Researth the FTX -> BlockFi -> Gemini connection to verify.

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