Gemini to Return $2.18 Billion in Crypto to Earn Users

Users will recover 100% of their digital assets following a settlement with Genesis and the New York Attorney General.

232,000 users will receive their digital assets back in-kind, totaling $2.18 billion.
The recovery represents a 232% increase in asset value since November 2022.
Initial distributions of 97% will begin immediately, with the remainder distributed over the next 12 months.
Gemini and Genesis were involved in legal disputes and regulatory scrutiny over the Earn program.
The settlement highlights issues of financial fraud and the need for clearer regulatory guidelines in the crypto industry.