🚨 Shock in the cryptocurrency world! Gemini is trying to stop Genesis from seizing 60 million GBTC shares. 📉

🔹 In the bankruptcy case filed on Friday, Gemini Earn argues that Genesis has no right to the 60 million GBTC shares promised as collateral for users of the Earn product. 🏛️

🔹 Gemini states that these shares (most of which are still held by Genesis or its subsidiaries) should not be used to pay other Genesis creditors. 💰

🔹 60 million GBTC shares are currently worth approximately $1.6 billion. 😱