Gemini, a problematic cryptocurrency exchange, was offline for more than three hours. The business attributed the downtime to a problem with application recovery. Gemini went offline on December 20 at around 10:00 Eastern Time, according to the official Twitter account. The business was attempting to resolve “application recovery difficulties” at the time.
The business was still working to restore complete system operation two hours later. However, Gemini asserted that the clients’ money was secure. According to the website’s notice, the situation was rectified at 14:00. The event marked the exchange’s second outage in the previous week. On December 15, 2016, the server went down for 3.5 hours.
The shaky exchange’s most pressing problem is not the downtimes. It was reported earlier this month that Genesis Trading, a significant crypto lender, and its parent company Digital Currency Group (DCG), owe Gemini consumers $900 million.
Gemini Exchange suffered two more downtimes
Gemini, a cryptocurrency exchange, has experienced two more outages in the past week. Its status page indicated that several systems were presently down. According to the exchange, reports of potential service interruptions are being investigated. Customers’ money and accounts are always absolutely protected. More updates will come.
The platform was entering maintenance mode to look into an application recovery issue, according to its official Twitter account. It also stated that the problem was being handled by its personnel.
Due to planned maintenance that was delayed by more than three hours on December 16, the exchange was unavailable for many hours. On November 16, Gemini went offline due to an Amazon Web Services EBS outage affecting one of its main databases.
As of the time of publication, the cause of the exchange’s unavailability remained unknown. Meanwhile, competing cryptocurrency exchanges Gate.io and OKX have had withdrawal challenges lately because of problems with their cloud service providers.