Gemini Trust: If approved by the court, Gemini Earn users will receive 100% physical digital asset return

Odaily News Gemini Trust posted on the X platform that it has reached an in-principle settlement with Genesis and other creditors in the Genesis bankruptcy case. If approved by the bankruptcy court, all Gemini Earn users will receive 100% of their digital assets returned in kind. This means that Gemini Trust will return more than $1.8 billion worth of digital assets, $700 million more than when Genesis stopped withdrawals on November 16, 2022. If the bankruptcy court approves the settlement in principle, Earn users are expected to receive approximately 97% of their physical assets in approximately two months, with the remaining asset balance expected to be received within the next 12 months. In principle, this settlement shall be subject to the confirmed documents. The required bankruptcy court proceedings may take up to two months to complete and Earn users will be promptly notified.