Earn Update: Today, we emailed Earn users an updated timeline on the Genesis bankruptcy as well as actions to take to ensure they can access their funds following the return of their digital assets.
We expect the settlement to become effective on May 4, 2024 and that initial distributions — approximately 97% of the digital assets owed to you as of the suspension date (November 16, 2022) — will likely occur by early June.
Read our full update to prepare your account for distributions at https://t.co/89HTYDRuHR
From what I heard on the bankrupcy hearing I believe Judge Lane has approved & ratified the Gemini Earn settlement!
Court just adjourned!
#geminiearn
A settlement has been reached and approved by the court. Tentatively funds will be released in May or early June. Expect a formal update from @Gemini on refund timeline. Happy for everyone who was impacted by this #GeminiEarn mess for the last 19 months.
#SOTU HISTORY:
Senators who give responses to SOTU addresses delivered by presidents: Jan. 25, 1983, Joe Biden:
"As Franklin Roosevelt said during the recovery from the Great Depression: just 4 words are important"
clip bonus: in background spot future Delaware Sen Ted Kaufman
@Gemini@davidwachsman@PrimordialAA Gemini is the next FTX. Stop virtue signaling and pay up to the 230,000 hard working Earn users who trusted you with their assets. You haven’t paid back a single dime in over a year. Your boys @cameron@tyler are going to look great in orange jumpsuits. Time is ticking.
Earn Update: On January 18th, Judge Lane heard oral arguments in the Adversary Proceeding that Gemini commenced against Genesis regarding the Additional Collateral. We brought this action as part of our efforts to obtain the most substantial recoveries possible for Earn users.
Read our full update at https://t.co/89HTYDS2xp