๐ŸŽ‰๐ŸŽ‰Big news for BTC enthusiasts! Gemini, the crypto exchange founded by the Winklevoss twins, has made a full recovery from its crypto lending arm's bankruptcy, marking one of the most successful industry recoveries to date.๐Ÿ’ช๐Ÿ’ช

Gemini announced that its Earn customers have received $2.18 billion of their digital assets in kind.๐Ÿค‘๐Ÿค‘ That means if you lent one bitcoin, you get one bitcoin back, along with any appreciation of your assets since you lent them.๐Ÿš€๐Ÿš€

The online crypto community is cheering for this victory, praising Gemini's leadership for stepping up after losing customer funds in Genesis Global.๐Ÿ‘๐Ÿ‘

Genesis and Gemini both collapsed in the fallout of FTX and Alameda Research in late 2022. However, Genesis has now received court approval to repay over $3.5 billion to its creditors, one of which was Gemini.๐Ÿ‘๐Ÿ‘

Gemini's recovery stands out against other fallen crypto firms in 2022, which have only managed to recover a fraction of their customers' assets. Gemini's repayment is $1 billion in excess of when it froze withdrawals, marking a 232% asset recovery in USD terms.๐Ÿ’ฐ๐Ÿ’ฐ

Gemini insists that the Genesis bankruptcy was not a crypto problem, but "old-fashioned financial fraud compounded by a lack of regulatory clarity."๐Ÿ”๐Ÿ”

In a nutshell, Gemini Earn has managed to recover 97% of customers' lost crypto. A huge win for the crypto industry!๐ŸŽŠ๐ŸŽŠ