Gemini Faced $485 Million Outflow Due to Fear of Contagion

Gemini a cryptocurrency exchange founded by the Winklevoss brothers encountered massive withdrawal from customers, due to panic from FTX and Alameda Research bankruptcy.

Gemeni had 24 hour net outflow of $485 million (November 16, 2022)

24 Hour Outflow by Exchange (November 16, 2022)

Binance $423 million

Bitfinex $203 million

Coinbase $160 million