Gemini to Return $1.1B to Earn Customers After NYDFS Settlement

February 29th, 2024
Gemini has announced a promising resolution for Earn customers, promising the return of $1.1 billion through the Genesis bankruptcy process, with a $37 million penalty for compliance failures. This settlement with NYDFS could see customers recovering 97% of assets within two months, and total asset recovery, including appreciation, exceeding $1.8 billion. This development represents a critical step towards resolving the impacts of the Genesis financial meltdown on Gemini's customers.
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