Will I ever get my money back from Gemini Earn? (2024)

Will I ever get my money back from Gemini Earn?

In an update published on its website, Gemini says that if the settlement is approved, it will result in “all Earn users receiving 100% of their digital assets back in kind.” The company says customers can expect to receive 97 percent of assets in around two months, while the remainder could arrive over the next year.

Am I going to get my money back from Gemini Earn?

Looking forward, if the Bankruptcy Court approves the settlement in principle announced today, Earn users can expect to receive approximately 97% of their assets in kind within about two months. And they can expect to receive their remaining asset balance within the next 12 months.

What is going on with Gemini Earn?

Bankrupt crypto lender Genesis Global Capital has agreed to a final judgment ordering it to pay $21 million to settle charges with the U.S. Securities and Exchange Commission (SEC) for violating securities laws for its role with the now-defunct Gemini Earn program, the SEC announced Tuesday.

How long does Gemini earn withdrawal take?

Withdrawal timelines vary. This transfer should take approximately 3 business days to complete, but may take longer depending on the custodian, Gemini.

What is the Gemini earn lawsuit?

According to the SEC's complaint, the Gemini Earn program was a purported investment opportunity where Gemini customers, including retail investors in the United States, loaned their crypto assets to Genesis in exchange for Genesis' promise to pay interest earned from Genesis' use of the loaned crypto assets.

Is Gemini earn in trouble?

According to the SEC's complaint, Gemini Earn had approximately 340,000 retail users and $900 million in assets on its platform when, in November 2022, Genesis halted withdrawals, citing “withdrawal requests which have exceeded our current liquidity.”

Why is it so hard to withdraw from Gemini?

Your crypto withdrawals may be temporarily restricted for a few different reasons: Sign-In From a New Device. Pending Bank Transfer (ACH) Pending Debit Card Transfer (24 hour hold)

How legitimate is Gemini?

Gemini is a user-friendly cryptocurrency exchange that could be a good choice for beginners and experienced traders alike. With industry-leading security features, its own hot wallet, and a comprehensive support center, Gemini is worth considering if you're interested in crypto investing or trading.

Why did I get a text from Gemini Earn?

If you ever receive a suspicious text regarding your Gemini account, please report it to us through our contact form. Gemini uses (952) 234-8378 and short code 22395 to communicate SMS authentication with customers. Gemini will never text or call you for your authentication code, please do not share this with anyone.

Has anyone lost money on Gemini Earn?

Earn customers were promised interest payments, but lost their money when Genesis defaulted on approximately $1 billion worth of loans in November 2022. Genesis declared bankruptcy two months later, leaving more than 200,000 Earn customers unable to access their digital currency.

When did Gemini earn Freeze?

The Earn program was halted during a crypto market crash in November 2023, and its failure has spurred litigation between Genesis, Gemini, and Genesis's parent company, Digital Currency Group.

Is anyone suing Gemini?

New York Attorney General Letitia James amended the state's lawsuit Friday against cryptocurrency firms Digital Currency Group, Genesis and Gemini, saying the alleged fraud cost investors more than $3 billion.

Is Gemini earn insured?

U.S. dollars in your Gemini Account may be held at State Street Bank and Trust Company, JPMorgan Chase Bank, N.A. and thus may be eligible for FDIC “pass-through” insurance, subject to applicable limitations.

How do I file a complaint against a Gemini?

Yes, you can communicate with customer service representatives at GeMiNi by calling their hotline at 𝟙-🎌-+𝟷(𝟿𝟾𝟺)𝟾𝟺𝟿-𝟺𝟷𝟼𝟷 USA𝟙-🎌-+𝟷(𝟿𝟾𝟺)𝟾𝟺𝟿-𝟺𝟷𝟼𝟷 UK (𝟐𝟒*𝟕). Does GeMiNi respond to complaints? GeMiNi strives to address and resolve user complaints promptly.

How much does Gemini charge to withdraw?

Gemini does not charge any transfer fees on wires or bank transfers. How can you move money between Coinbase and Gemini exchanges with minimal fees (BTC)? Gemini vs. Coinbase: Fees ; Wallet, 1.49%, 1.49% ; Debit/credit cards, 3.49%, 3.99% ; ACH transfer, Free, Free ; Wire transfer, Free, $10 deposit, $25 withdrawal.

What is the downside of Geminis?

Exploring the less positive traits of the Gemini Zodiac sign. Gemini, the third sign in the list of zodiac signs, is known for its lively and adaptable nature. However, Geminis can struggle with decision-making, tend to gossip, get easily bored, lack sincerity, and act impulsively without considering the consequences.

What bank does Gemini use?

Gemini has a banking relationship with a New York State-chartered bank, State Street, where all customer funds are retained. 14 The platform's adherence to conventional banking requirements ensures that money in whatever form is backed by adequate monetary reserves.

Is Gemini staking safe?

Gemini prioritizes asset protection, and as such, we employ a robust approach to ensure the safety of assets while being staked. Firstly, we do not send customers' crypto to any third party.

Did Gemini stop withdrawal?

Gemini, co-founded by twins Cameron and Tyler Winklevoss, has emphasized that other assets held on its platform remain available for withdrawal. Nonetheless, assets in Gemini Earn were supposed to be available within five business days of customer request. Instead, they've been inaccessible since November of 2022.

Will Gemini unfreeze my account?

Once you've changed your password, we can start the process of unfreezing your account. This requires a short back and forth with our Support and Security teams.

How do I unfreeze my Gemini account?

First, change your password ***** following the steps below:Visit your Gemini account security settings:https://exchange.gemini.com/settings/security.Click on “security options”Click on “change password”Once you've changed your password, they can start the process of unfreezing your account.

What scares a Gemini away?

Geminis love the thrill of the chase, but it's all in good fun. If it starts to feel cruel or overly complicated they could shy away or lose interest. Remember, deep down many of them are a bit flighty because they're afraid of getting hurt.

How do you resolve conflict with a Gemini?

They take their time to sort out conflicts and look for practical solutions. But, they can be a bit stubborn, so it's important to be patient with them. Reassuring them of your commitment helps too. Geminis are great at talking things out.

How to court a Gemini man?

Will I get my Bitcoin back from Gemini?

Customers can expect to receive roughly 97% of their assets “in kind” before May, with the remainder to be doled out over the next 12 months, the exchange said. ”This means, for example, that if you had lent one Bitcoin in the Earn programme, you will receive one Bitcoin back,” Gemini wrote.