Creditor Committee Submits Recovery Plan for Gemini Earn Users

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• A creditor committee has offered Genesis a roadmap to recovering assets.
• Customers of Gemini crypto exchange have over $1 billion frozen with Genesis.
• Previously, Gemini partnered with Genesis to offer 7.4% interest on crypto deposits.

According to the co-founder of Gemini crypto exchange, Cameron Winklevoss, a creditor committee, that includes Gemini, has offered Genesis Global Capital and Digital Currency Group (DCG) a plan to recover its assets.

Winklevoss noted in a tweet early today that the strategy would help the embattled firm resolve its liquidity crisis for all Earn users to redeem their assets.

Earn Update: Today, Houlihan Lokey (NYSE:HLI) presented a plan on behalf of the Creditor Committee to resolve the liquidity issues at Genesis and DCG and provide a path for the recovery of assets.

— Cameron Winklevoss (@cameron) December 20, 2022

Notably, Gemini teamed up with Genesis at the height of th ...

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