Cardano founder and community leader Charles Hoskinson criticized the troubled Gemini crypto exchange for failing to list Cardano (ADA). He said this fact correlates tightly with the rumored bankruptcy.
In his recent tweet, Hoskinson attacked Gemini, a popular cryptocurrency exchange founded by the Winklevoss twins, for refusing to add the ADA tokens on its platform. He also insisted that failing to list the coin could be closely related to “bankruptcy and risky behavior.”
The tweet came in response to a similar statement by Rick McCracken, a Cardano Community leader who runs the Digi State pool on Cardano. Along with a screenshot of Gemini’s staking protocol, McCracken tweeted on Sunday, calling out the two Gemini founders to list ADA. He stressed that the exchange had other proof-of-stake protocols and therefore had to have Cardano.
Since its inception, the Cardano foundation advocated listing its ADA token on major exchanges.
FTX, the one-time second-largest cryptocurrency exchange, had no spot ADA pair. However, its infamous founder Sam Bankman-Fried tweeted that adding Cardano was on the exchange’s roadmap just a few weeks before its collapse.
Gemini, in its turn, seems to be experiencing its share of financial woes. On Saturday, the Financial Times reported that the exchange was attempting to recover as much as $900m from troubled crypto lender Genesis. Sadly, Genesis is facing potential bankruptcy after its lending arm unexpectedly halted withdrawals on November 16.