Gemini settles with New York regulators, will return $1.1B to Earn customers via Genesis bankruptcy
Gemini has settled with the New York State Department of Financial Services (NYDFS). As part of the deal, Gemini will return at least $1.1 billion to customers of the Gemini Earn Program through the Genesis bankruptcy proceeding.
Gemini will also pay a $37 million fine.
This is a win for Earn customers, who will get their money back! 🙌