Gemini Earn Customers Receive Full Crypto Redemption, Over $2B To Be Distributed
Summary
Gemini has returned $2.18 billion of digital assets to customers affected by its paused crypto lending program. Approximately 97% of owed digital assets are now available in customers' accounts, representing a 232% recovery from the initial suspension. The return follows a settlement with Genesis, the lending partner, and positive developments in Genesis' bankruptcy proceedings. This marks a significant step in resolving the aftermath of the paused Earn program.
