What happened to Gemini earn?

Gemini Earn had been giving funds to Genesis as a way to generate the program's promised returns. But in November, Genesis said it could no longer return customer funds, citing “abnormal” volumes of redemption requests after the collapse of the FTX exchange.

Does Gemini have a plan to recover assets?

No material update. Today, Gemini reached an agreement in principle with Genesis Global Capital, LLC (Genesis), Digital Currency Group, Inc. (DCG), and other creditors on a plan that provides a path for Earn users to recover their assets. This agreement was announced in Bankruptcy Court today.

How to earn interest on Gemini?

It’s a loan of your assets. Here’s the email: “Login to start earning interest on your Gemini balance. Just pick a crypto balance you want to transfer to Earn, select the amount, and confirm!” Then you go to the terms of service and the word transfer is not utilized in 1. Program Risks.

Is Gemini earn safe?

Gemini has possibly one of the most secure crypto Exchange and Wallet platforms out there. They even have an insurance policy if the funds in their hot wallet get hacked! However, you lose all of these insurance benefits when you use Gemini Earn. This is because your assets are now with Gemini’s approved borrowers.