Gemini Genesis насыяларын токтотуп, Earn программасын расмий түрдө аяктайт

Gemini told clients in an email today that it is terminating customer loan agreements with Genesis Global Capital as it winds down its Earn program.

Gemini said it will prioritize the return of customer funds and “operate with the utmost urgency.” 

“We are writing to let you know that Gemini — acting as agent on your behalf — has terminated the Master Loan Agreement (MLA) between you and Genesis Global Capital, LLC (Genesis), effective as of January 8, 2023,” notes the email. It goes on to declare the termination of the Earn program and that Genesis must “return all assets outstanding in the program.”

Existing redemption requests and the capacity of Gemini to seek a resolution to recover its customers assets, are not impacted by the loan agreement’s resolution, the company said in its email. 

Gemini said to expect updates on Tuesday and Friday of each week, at a minimum, “until a resolution has been reached,” the company said.

The collapses of FTX as well as hedge fund Three Arrows Capital caused Genesis to temporarily pause withdrawals, which forced Gemini to lock down funds in its Earn program.

боюнча open letter posted to Twitter on Tuesday Gemini President Cameron Winklevoss blasted Genesis parent company Digital Currency Group (DCG), accusing Gemini’s former lending partner of defrauding over 340,000 Earn users and misleading them regarding DCG’s solvency. Winklevoss also called for the ouster of DCG CEO Barry Silbert. 

Silbertaler жооп to the accusations from Winklevoss, and said funds were never commingled among DCG subsidiaries, and that its relationship with Three Arrows Capital was limited to a lending and trading agreement.

Three Arrows Capital had separately invested in a number of Grayscale products, Silbert said.

Жоопкерчиликтен баш тартуу: 2021-жылдан баштап, Майкл Маккаффри, мурдагы башкы директор жана The Block компаниясынын көпчүлүк ээси, негиздөөчүсү жана мурдагы FTX жана Alameda башкы директору Сэм Банкман-Фридден бир катар насыяларды алган. Маккаффри бул транзакцияларды ачыкка чыгарбагандан кийин 2022-жылдын декабрында компаниядан кеткен. 

© 2023 The Block Crypto, Inc. Бардык укуктар корголгон. Бул макала маалыматтык максатта гана берилген. Ал юридикалык, салыктык, инвестициялык, каржылык же башка кеп-кеңеш катары колдонулбайт.