Genesis Wins Approval on Gemini Pact to Free Earn Users’ Assets

Failed crypto lender Genesis Global Capital won bankruptcy court approval on a pact with Gemini Trust Co. that resolves litigation between the companies and opens a path to freeing Earn program customers’ digital assets in the coming months.

The settlement designed to return digital assets to hundreds of thousands of Gemini Earn users whose accounts have been frozen since November 2022 was approved by Judge Sean Lane at a Tuesday hearing. A Gemini lawyer said the deal will help return nearly all of Earn customers’ digital assets that were locked during Genesis’ bankruptcy.

The judge signed off on the accord ...