Gemini Earn to Begin Returning Cryptocurrency to Customers by End of Month
PANews reported on May 19 that, according to The Block, one of Genesis's creditors, Gemini, announced that it will begin returning the first 97% of assets to Genesis Earn program customers in physical form by the end of this month. According to previous reports, Genesis Global received court approval on Friday to return approximately $3 billion in cash and cryptocurrencies to its customers during bankruptcy liquidation, with its parent company Digital Currency Group (DCG) unable to receive any fund distribution.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Blockchain engineering group Equilibrium launches venture unit, raising over $30 million for first fund
Quick Take Equilibrium Group has launched Equilibrium Ventures, raising over $30 million for its first fund. The group has helped build several high-profile blockchains, including Ethereum, Solana and ZKsync, and Equilibrium Ventures looks to gain from that technical expertise.