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August 31, 2026 11:20 am
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Crypto exchange Gemini has won an arbitration case brought by a customer over the collapse of its Gemini Earn lending service, CNBC reported. The arbitrator found there was insufficient evidence that Gemini misled customers or failed to conduct adequate due diligence on Genesis Global Capital, its key lending partner.
Gemini halted Gemini Earn withdrawals in November 2022 amid Genesis’ liquidity crisis. After Genesis went through bankruptcy proceedings, Gemini Earn users received cryptocurrencies worth $2.18 billion last year, equal to 97% of the unpaid assets.