Gemini, the prominent cryptocurrency exchange, has taken legal action against the bankrupt crypto lender, Genesis Global LLC. The lawsuit, reported by Bloomberg, revolves around the ownership of over 60 million shares of Grayscale Bitcoin Trust (GBTC). These shares were initially pledged as collateral to Genesis Global, who was previously a partner in Gemini's Earn product. The case seeks to untangle the ownership rights in this complex situation.
