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What percentage of Earn users will reinvest their recovered assets in Gemini by end of 2024?
4
Resolution / Starting Odds
Less than 25% • 33%
25% to 50% • 33%
More than 50% • 33%
Surveys or reports by Gemini or third-party analysts
Story
Gemini to Return $2.18 Billion to Earn Users with 232% Recovery After Genesis Bankruptcy
May 29, 2024, 02:31 PM
Gemini, the cryptocurrency exchange owned by the Winklevoss twins, has announced that it will return $2.18 billion in digital assets to users of its Earn program. This follows a suspension of withdrawals that began on November 16, 2022. The distribution represents approximately 97% of the assets owed to users, with the remaining 3% expected to be distributed within the next year. The recovery rate for users is reported to be 232%, meaning the value of the returned assets is more than double their original value. The return of assets comes after a settlement with Genesis and other creditors in the Genesis Bankruptcy case, ensuring all Earn users will receive 100% of their digital assets back. Over 232,000 retail customers are affected by this recovery, which has been ongoing since January 2023.
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Similar markets
232% • 33%
242% • 33%
Between 232% and 242% • 34%
100% • 33%
99% • 33%
Less than 99% • 34%
High satisfaction • 33%
Moderate satisfaction • 33%
Low satisfaction • 33%
Positive reaction • 33%
Negative reaction • 33%
No significant change • 34%
Increase in value • 33%
Decrease in value • 33%
Remain stable • 34%
Significantly increased confidence • 33%
Decreased confidence • 33%
No change in confidence • 34%