Gemini account holders who used the Earn product to earn interest on their deposits won’t be happy that the “negotiations” have spilled over into the public Twitterverse.
We’d very much like our deposits back rather than read the bickering between millionaires and billionaires.
A deal was been reached to repay at least some % of the total unreturned balance.
Today, @Gemini reached an agreement in principle with Genesis Global Capital, LLC (Genesis), @DCGco, and other creditors on a plan that provides a path for Earn users to recover their assets," Winklevoss tweeted. “This agreement was announced in Bankruptcy Court today.”
Great news for account holders. Now it’s just a question of how much is given back to each account holder.
I’m completely surprised at this outcome and how quickly it came about.