Odaily News Gemini, one of Genesis's creditors, announced that it will begin returning the first 97% of crypto assets to customers of its Earn program by the end of May, which will be paid in kind. This means that customers who previously deposited one bitcoin into Gemini Earn will receive bitcoin instead of being compensated with the dollar value of bitcoin on a specific date (as of November 16, 2022). (The Block) Earlier news, cryptocurrency lender Genesis Global received court approval on Friday to return approximately $3 billion in cash and cryptocurrency to customers in bankruptcy liquidation. U.S. Bankruptcy Judge Sean Lane approved Genesis' Chapter 11 liquidation plan and rejected objections from its parent company Digital Currency Group (DCG), which believed that the amount Genesis paid to customers and creditors should not exceed the value of its crypto assets when it filed for bankruptcy in January 2023. Since Genesis filed for bankruptcy, cryptocurrency prices have risen sharply, and DCG and Genesis disagree on which party should benefit from the price increase. Lane overruled DCG’s objections, ruling that even if customer claims were capped at a lower price, Genesis would have to pay many other creditors, including federal and state financial regulators that are allegedly seeking $32 billion, before it could pay its shareholder, DCG. “Under these circumstances, there are insufficient assets to provide any compensation to DCG,” Lane wrote.