As a liquidity crisis at FTX raises fears of another crypto contagion, Gemini cofounder Cameron Winklevoss assured investors that the crypto exchange has no exposure to FTX, digital coin FTT, or crypto trading platform Alameda. FTX, which has a history of bailing out troubled crypto firms, saw investors express concerns about its financial health, causing its token FTT to drop another 50% on Wednesday after losing 72% the day before. “To be clear, Gemini has no exposure to FTT tokens or Alameda, and no material exposure to FTX,” Winklevoss said in a tweet on Wednesday. Gemini is the latest cryptocurrency exchange to join Coinbase Global Inc, which also reassured investors on Tuesday.
