
The SEC announced securities charges against the lending platform over its Abra Earn service but also said the firm had settled with pending civil penalties and an injunction.
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Gemini Trust said that affected Earn users could expect “100% of the assets owed to them” within seven days.
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Cryptocurrency exchange Gemini announced on Wednesday that Earn users have received $2.18 billion of their digital assets in kind, representing 97% of their assets owed and a 232% recovery since Genesis halted withdrawals. This recovery follows a settlement with Genesis and other creditors, ensuring that Earn users will receive 100% of their digital assets back […]
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Under the proposed plan, Gemini Earn users may only recover 61% of their lost funds in a worst-case scenario.
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2023 saw an overall trend reversal as crypto entrepreneurs took charge of the situation and helped regain investor confidence.
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The decision ends the complex case with a creditor-approved plan that will see their partial reimbursement and make them shareholders in a new company.
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Peer-to-peer marketplace Paxful will refund its Earn program users impacted by Celsius Network’s bankruptcy.
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Learn how to earn free cryptocurrency with these seven methods, including faucets, bug bounties and more.
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Celsius users with funds held in its custody program have finally begun to withdraw funds, but users report delays due to a backlog of requests.
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The shutdown of Nexo’s earn product follows from a multi-million dollar settlement the firm paid last month with U.S. regulators.
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