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Crypto exchange Gemini had a server down for less than an hour today, the platform said on Twitter.

The exchange earlier today Told customers that its Earn program lending partner, Genesis, was suspending withdrawals. It was a curious moment, then, when Gemini a few hours later went down due to an “Amazon Web Services EBS outage,” he admitted on Twitter.

Gemini reassured users that customer funds were safe. He then said the service was back up and running and users could make withdrawals at any time.

“Gemini Exchange is fully back online; all client funds held on the Gemini exchange are held 1:1 and available for withdrawal at any time,” he said.

The outage scared users of the New York-based exchange, with people writing on Twitter that they were unable to access the service and withdraw funds.

Gemini also warned customers earlier today that there may be delays for withdrawals on its Earn product, a service that allows users to earn interest for depositing idle crypto.

“We are aware that Genesis Global Capital, LLC (Genesis) – the Earn Program’s lending partner – has suspended withdrawals and will not be able to accommodate customer redemptions under the Service Level Agreement (SLA). ) of 5 business days,” he said.

Observers, however, aren’t so sure Gemini will be able to deliver on that promise. “Gemini Earn is over, people using it will likely lose money,” tweeted crypto trader and economist Alex Kruger.

The Gemini outage and Genesis withdrawal freeze follow the FTX collapse, previously one of the largest exchanges in the world. Crypto exchange FTX, founded by enigmatic former billionaire Sam Bankman-Fried, filed for bankruptcy last week after inexplicably losing billions of dollars of investor money.

Genesis cited this “unprecedented market turmoil” for its troubles earlier today.

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