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Feb 29, 12:19 PM

Gemini to Pay Back Over $1 Billion to Customers in NYDFS Settlement, Allocates $40M to Genesis and Pays $37M Fine

Gemini to Pay Back Over $1 Billion to Customers in NYDFS Settlement, Allocates $40M to Genesis and Pays $37M Fine

Authors

10

Gemini, a cryptocurrency exchange, has agreed to pay back over $1 billion to customers as part of a settlement with NYDFS. The company will return funds to customers affected by the Earn program, totaling more than $1.1 billion. Additionally, Gemini will allocate $40 million to Genesis for bankruptcy proceedings and pay a $37 million fine to NYDFS.

#Gemini #NYDFS #Earn #Genesis

Written with ChatGPT (GPT-3).

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Bitcoin.com News@BTCTN
2 years ago
Potential Full #Crypto Asset Recovery for Gemini Earn Users Announced https://t.co/jT66awNmIM
Bitcoin.com News@BTCTN
2 years ago
Coin-for-Coin Payback — Gemini Announces Full Recovery of #Crypto Assets for Earn Users After Genesis Settlement https://t.co/jT66awNmIM
Daily Mail US@Daily_MailUS
2 years ago
Winklevoss twins' crypto exchange Gemini to return $1.1B to customers https://t.co/TbppgXBMq8 https://t.co/tIp8K7DvW3

Crypto /Crypto Fundraising Business /Financial Crime Crypto /Hacks and Exploits