Gemini has announced a significant update for its Earn users, revealing a settlement in principle with Genesis and other creditors in the Genesis Bankruptcy. If approved by the Bankruptcy Court, this settlement will allow Earn users to receive 100% of their digital assets back. This development is being hailed as a major victory for Gemini Earn customers, with the recovery process praised for its fairness in returning the digital assets 'in kind', meaning users will get back the exact cryptocurrencies they had, rather than the monetary value of those assets at the time of bankruptcy. The news has been met with positive reactions from the cryptocurrency community, highlighting the potential for a full recovery of crypto assets for affected users.
Potential Full #Crypto Asset Recovery for Gemini Earn Users Announced https://t.co/jT66awNmIM
Coin-for-Coin Payback — Gemini Announces Full Recovery of #Crypto Assets for Earn Users After Genesis Settlement https://t.co/jT66awNmIM
JUST IN: @GEMINI ANNOUNCES ALL EARN CUSTOMERS IN BANKRUPTCY WILL RECEIVE ALL CRYPTO BACK “IN KIND” - AS IN 1 $BTC = 1 $BTC
Wow. Score one for the good guys, and for a full recovery and forced hold for Gemini Earn customers. Diamond hands as a service!!! https://t.co/wVQE81Bv0m
This is so fucking bullish I can’t even explain Gemini is the Wall Street exchange Everyone is getting their crypto back Not the monetary value of when Genesis went bankrupt They’re getting their CRYPTO back This is gonna be all over the news We’re going sooo much higher https://t.co/t0GpCePraS
This is so fucking bullish I can’t even explain Gemini is the Wall Street exchange Everyone is getting their crypto back Not the monetary value of when it went bankrupt They’re getting their CRYPTO back This is gonna be all over the news We’re going sooo much higher https://t.co/4R7i2L38XY
This is a great update for Gemini earn users https://t.co/Kg3gE3h08M
Earn Update: Today, we are pleased to announce that we have finally reached a settlement in principle with Genesis and other creditors in the Genesis Bankruptcy that will, if approved by the Bankruptcy Court, result in all Earn users receiving 100% of their digital assets back in…