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NEW YORK (Reuters) -Bankrupt crypto lender Genesis and crypto exchange Gemini have returned over $2 billion in crypto to 232,000 retail customers in their jointly managed Gemini Earn program ...
According to the order, Gemini lacked sufficient visibility into Genesis's risk exposure and did not seek more information until mid-2022, a year after Earn's launch. Gemini leadership decided to ...
Since then there has been extensive litigation between Genesis, Gemini and Genesis' parent company, Digital Currency Group. Gemini Earn customers have been unable to access their funds in those ...
Gemini Earn was shut down in January 2023, following Genesis suspending withdrawals in November 2022. The SEC is seeking permanent injunctive relief, disgorgement of ill-gotten gains plus prejudgment interest, and civil penalties against both Gemini and Genesis. On February 6, 2023, Genesis Global Holdco announced an agreement in principle with ...
Cameron Winklevoss was born in Southampton, New York, and raised in Greenwich, Connecticut. [1] He is the son of Carol (née Leonard) and Howard Edward Winklevoss Jr.; [2] [3] Howard was an adjunct professor of actuarial science at the Wharton School of the University of Pennsylvania. At an early age, he ( left-handed) and his identical ...
The bankruptcy resulted in Genesis owing over $3 billion to unsecured creditors, including Gemini Earn customers who had around $1.1 billion in total funds on the platform.
Cameron Winklevoss, co-founder of crypto exchange Gemini Trust Co., attends the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021.
In the same month, Barron's reported that Genesis was under investigation by state securities regulators. On January 12, 2023, the Securities and Exchange Commission charged Genesis Global Capital, LLC with the unregistered offer and sale of securities to retail investors through Gemini Trust Company’s Gemini Earn crypto asset lending program ...