Crypto industry news and announcements from major crypto exchanges.

Gemini to Return $2.18 Billion in Digital Assets to Earn Users at 232% of Original Value

May 29, 2024, 02:07 PM

Gemini, the crypto exchange owned by the Winklevoss twins, has announced that it will return $2.18 billion of digital assets to its Earn users. This distribution represents 97% of the digital assets owed to users as of the suspension date, November 16, 2022. The total amount returned is $1 billion more than when Genesis halted withdrawals. Customers are expected to receive their assets at 232% of their original value. Withdrawals had been paused for 18 months prior to this distribution.