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by swiper_lux
1243 days ago
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"...This evening, Genesis Global Capital, LLC (Genesis) filed for bankruptcy under Chapter 11. This is a crucial step towards us being able to recover your assets." So Gemini is helping depositors of Genesis, or depositors of Gemini? If depositors of Gemini, did the depositors know that their monies were going to Genesis when they deposited them into Gemini? |
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If a Gemini user opted into Gemini's Earn product they were notified that any Earn deposits were going to Genesis.
You can argue those warnings weren't big enough or obvious enough, but it was spelled out in various places that Earn deposits were not held by Gemini, but sent to third parties (in this case Genesis being the only third party in the program).