Gemini did not collapse though. Genesis, a lending company that Gemini held deposits customers who opted into their “Earn” program, collapsed.

Gemini the actual NYC-compliant exchange is still solvent (and afaik still compliant)

They withdrew funds from Genesis, not Gemini. AFAIK, Gemini has not collapsed.

Don't confuse Gemini (their exchange) with Genesis, the bankrupt company from DCG.

Gemini didn't collapse, Genesis did. The article is very clickbaity.