Gemini Earn users will receive over $2 billion worth of cryptocurrency, restored in the same amount originally lent, following a 232% recovery rate since withdrawal stoppages in November 2022., according to a statement from Cameron Winklevoss to The Block.
The Gemini exchange, directed by the Winklevoss twins, has committed to redistributing assets following the collapse of the Earn program's partner, Genesis Global Capital. Despite ongoing legal battles including a lawsuit from the US Securities and Exchange Commission, Gemini assures further returns within the next year and settles with a $37 million fine to the New York regulator.