Disputes between DCG and Gemini
It has been 60 days since Genesis held customers’ funds and has not allowed anyone to withdraw.
This impact other services like Gemini Earn program, which withheld customers’ funds and pending withdrawal.
This triggers a question of why those financial services pause withdrawal and why this is not allowed.
I asked ChatGPT to give suggestions and here it is:
It is generally not acceptable for financial services institutions to withhold customers’ funds without a valid reason. This is because customers entrust their money to these institutions with the expectation that it will be safe and accessible to them when they need it. Withholding funds without a valid reason would violate this trust and could result in financial loss or inconvenience for the customer.
However, there are certain circumstances where financial services institutions may be required to hold or freeze a customer’s funds. This is typically done as a result of legal or regulatory requirements. For example, in the United States, the government may freeze a person’s assets if they are suspected of engaging in illegal activities such as money laundering or terrorism financing. Banks also freeze the funds if there is any suspicious activity on account or any kind of fraud.
Additionally, financial…
