Earn program – DIGIT INFO

New York Recovers $50 Million From Gemini — Bans the Exchange From Crypto Lending in the State

DIGIT — Sat, 15 Jun 2024 16:21:14 +0000

New York Attorney General Letitia James has secured a $50 million settlement from cryptocurrency exchange Gemini for Earn program investors. This settlement ensures that all defrauded investors will fully recover the assets they invested but were unable to withdraw when the program collapsed. Additionally, Gemini is now banned from operating any crypto lending program in […]

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Coin-for-Coin Payback — Gemini Announces Full Recovery of Crypto Assets for Earn Users After Genesis Settlement

DIGIT — Fri, 01 Mar 2024 09:00:32 +0000

Gemini has reached a settlement with Genesis and other creditors within the Genesis bankruptcy proceedings, promising a full in-kind return of digital assets to Earn program users. This resolution, pending bankruptcy court approval, signifies a major victory for users, with over $1.8 billion in assets set to be returned. Potential Full Crypto Asset Recovery for […]

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Swyftx to chop its ‘Earn’ program this week, citing murky regulations

DIGIT — Mon, 09 Jan 2023 05:59:15 +0000

Australian crypto exchange Swyftx has decided to close its Earn program due to a lack of clarity around crypto products regulation.

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Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues

DIGIT — Sun, 18 Dec 2022 19:00:08 +0000

Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn program’s withdrawals, Cameron Winklevoss tweeted that it has […]

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