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

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…

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

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

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…

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

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

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…

Continue ReadingGemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues