Gemini to return $1.1 bln to customers, pay fine in regulatory settlement
Gemini has pledged to contribute $40 million to the conclusion of Genesis' bankruptcy
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Gemini has pledged to contribute $40 million to the conclusion of Genesis' bankruptcy
Gemini's Earn program, which was offered in partnership with crypto lender Genesis Global Capital, was halted during a crypto market crash in November 2022. That dislocation caused Genesis to file for bankruptcy, and has led to extensive litigation between Genesis, Gemini and Genesis's parent company, Digital Currency Group (DCG).
Cryptocurrency exchange, Gemini to return $1.1 billion to customers of its defunct lending program with a fine
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