Users of crypto exchange Gemini temporarily lost access to their crypto assets on Wednesday. The incident took place soon after the firm announced it was temporarily stopping its Earn product, but it appears that a separate server issue was to blame. Customers were likewise forewarned by Gemini earlier today that withdrawals from its Earn product would experience delays as well.
Gemini Faces Outage Across Platforms
Right after the announcement was made, users across the globe pointed out that they were logged out of their accounts, and some couldn’t access the different parts of the app. The exchange’s official status page showed widespread outages as of 11:55 am ET.
Call it strange timing or pure coincidence, but the outage happened right after Gemini’s tweet about disabling their Earn feature. Investors across the board panicked about Gemini winding up operations due to having exposure to both Genesis and FTX.
Read More: Genesis Suspends Customer Withdrawals In Wake Of FTX
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