Crypto trade Gemini companies are down, inflicting hypothesis that it’s the newest sufferer of the FTX disaster.
Nonetheless, the trade has maintained on its standing web page that wire transfers are affected, however funds are safe.
“Gemini is investigating studies of potential service disruptions. All buyer accounts and funds stay utterly safe,” Gemini mentioned
Additional investigation has revealed that the outage is because of an Amazon Internet Companies EBS outage with one among their major databases.
We skilled an Amazon Internet Companies EBS outage with one among our major databases. We’ve restored the database and are bringing the trade again up.
— Gemini (@Gemini) November 16, 2022
As of now, the trade has confirmed that they’re nonetheless investigating the problem and that they may present extra updates as they grow to be out there.
On account of the halting incident, Twitter customers have expressed fears, citing the present market situation, claiming “Nothing is protected in the intervening time.”.
Nothing is protected in the intervening time ..get your crypto off all exchanges !
— themarchinghammer (@HammerMarching) November 16, 2022
