Gemini suffers 2 downtimes in 7 days Gemini suffers 2 downtimes in 7 days
Gemini said it was entering maintenance mode to investigate an application recovery issue.
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Updated: Dec. 20, 2022 at 5:01 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Crypto exchange Gemini has suffered a second downtime within the last seven days.
According to its status page, some systems were currently experiencing outages. The exchange added that it was “investigating reports of potential service disruptions. All customer accounts and funds remain completely secure. Further updates to follow.”
Its official Twitter handle revealed that the exchange was entering maintenance mode to investigate an application recovery issue. It added that its team was working to attend to the case.
On Dec. 16, the exchange was down for hours due to scheduled maintenance which was extended for over three hours.
Gemini experienced downtime on Nov. 16 due to an Amazon Web Services EBS outage with one of its primary databases.
It was unclear why the exchange suffered from downtime as of press time.
Meanwhile, rival crypto exchanges OKX and Gate.io recently experienced withdrawal issues due to cloud service provider issues.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Gemini
Gemini is a regulated digital asset exchange and custodian that allows customers to buy, sell, store, and stake digital assets in a regulated, secure, and compliant manner.
OKX
OKX is a world-leading digital asset exchange, providing advanced financial services to global traders by using blockchain technology.
Gate.io
Gate Technology’s mission is to serve the blockchain industry by providing secure and reliable products to consumers and companies around the world.