đGemini's crypto lending arm, Gemini Earn, has made a full recovery from bankruptcy, returning $2.18 billion in digital assets to its customers.đ°
âą This means if you lent one bitcoin, you get one bitcoin back, along with any appreciation since you lent it.đ
âą This recovery marks a major win in the crypto industry, with Gemini filling a $50m gap caused by losses to make all their users whole.đ
âą Gemini's recovery stands in stark contrast to other fallen crypto firms in 2022, which have only managed to recover a fraction of their customers' assets.đ
âą Gemini's repayment is $1 billion in excess of when it froze withdrawals, marking a 232% asset recovery in USD terms.đč
âą The company maintains that the Genesis bankruptcy was not a crypto problem, but "old-fashioned financial fraud compounded by a lack of regulatory clarity."đ
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