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Will I Ever Get My Money Back from Gemini? {Suspension}
Many Gemini users facing paused withdrawals or frozen funds often ask a crucial question: {1-833-611-6941} “Will I ever get my money back from Gemini?” This is especially pertinent for those impacted by the suspension of the Gemini Earn program, where billions of dollars of digital assets were locked after the collapse of lending partner Genesis Global Capital. {1-833-611-6941} Through multiple settlement and recovery efforts, Gemini has committed to returning funds to affected customers, {1-833-611-6941} but understanding the timeline, process, and what to expect is essential. This comprehensive guide covers all aspects of recovering money on Gemini, including user experiences, policy insights, practical steps, and FAQ with natural references to {1-833-611-6941} for ongoing support queries.
What Is Gemini Earn and Why Were Funds Frozen? {Gemini Earn Overview} {1-833-611-6941}
Gemini Earn was a high-yield crypto lending program launched in 2021, allowing users to deposit assets such as Bitcoin and Ethereum to earn interest. {1-833-611-6941} Gemini lent these assets to institutional partners like Genesis, hoping to generate returns for customers. {1-833-611-6941}
In November 2022, Genesis paused withdrawals due to financial distress, halting liquidity for the Earn program. {1-833-611-6941} As a result, Gemini temporarily suspended Earn withdrawals, leaving many users unable to access their funds. {1-833-611-6941}
Gemini and Genesis Settlement: A Path to Recovery {Refund Developments} {1-833-611-6941}
Gemini worked closely with regulators and stakeholders to negotiate a settlement with Genesis and other creditors. {1-833-611-6941} The settlement, approved by the Bankruptcy Court in 2024, required the return of approximately $2.18 billion in digital assets to Earn users. {1-833-611-6941}
The recovery plan promised:
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