Feb 7, 2023 · @Gemini has reached an agreement in principle with Genesis Global Capital, LLC (Genesis), @DCGco, and other creditors on a plan that provides a path for Earn users to recover their assets. This agreement was announced in Bankruptcy Court on February 6th, 2023.

The Gemini Lender Distribution Principles also address distributions of the proceeds of the Initial Collateral (30,905,782 shares of GBTC) at the conclusion of the Adversary Proceeding. If the Adversary Proceeding is determined in favor of Gemini, Earn users will receive the proceeds of the Initial Collateral.

The absence of explicit details in the update regarding the reimbursement of Gemini-Earn investors suggests an unfavorable outcome, as good news would likely be prominently featured. The Winklevoss twins are seeking a favorable 'yes' vote, to extricate themselves from the ensnarement of the three lawsuits over allegedly defrauding Gemini-Earn ...

Jan 20, 2024 · Gemini brought this action as part of its efforts to obtain the most substantial recoveries possible for Earn users. As a reminder, the “Additional Collateral” is the 31,180,804 shares of the Grayscale Bitcoin Trust (GBTC) that Gemini secured to protect Earn users (see December 22nd update, below).

Oct 21, 2023 · Hardworking New Yorkers and investors around the country lost more than a billion dollars because they were fed blatant lies that their money would be safe and grow if they invested it in Gemini Earn. Instead, Gemini hid the risks of investing with Genesis and Genesis lied to the public about its losses. This fraud is yet another example of bad ...

Your remaining asset balance will be credited in kind to you as recoveries are received from DCG. As part of this settlement Gemini is contributing $50 million to Earn users’ recoveries, inclusive of the $40 million referenced in the February 28, 2024 Earn update. Adversary proceeding.

Mar 30, 2021 · Gemini is a primary custodian of BlockFi assets and I’m considering putting some crypto in Earn and stablecoin in BlockFi. Good to know Earn seems to be a decent choice. Gemini is my preferred exchange, although I have an issue with a wire transfer that has yet to be resolved, so the stories of their support being backlogged are accurate in ...

Honestly happy for all the earn users. The Gemini sub was a dark place for a while. I don’t chase yields so I was never affected but I do love Gemini as an in and out exchange. Their credit card is fantastic, I’m nearly 100% in profit from rewards (eth) since I opened mine in 2022.

Feb 3, 2021 · Of course, some coins are not worth it on Gemini Earn (BTC, ETH, etc.), spread the risk with better kickbacks elsewhere, i.e. staking, BlockFi, Celsius, and Nexo. However, it's a nice program for altcoins so that you can start AMP-lifying your earnings (I use it for AMP and a few other smaller coins lol) Haven't had any issues, and honestly ...

Of course Gemini didn’t choose this path and instead had to be forced by numerous lawsuits from regulators and earn users and then also by the fact that GBTC exploded. They acted 100% in their own interests despite being our “agent”.