🚀Gemini, the crypto exchange founded by the Winklevoss twins, has agreed to return a whopping $1.1 billion💰 to customers of its now-defunct Gemini Earn Program! This comes as part of a settlement deal with New York regulators. But wait, there's more! Gemini will also contribute $40 million to Genesis Global Capital's bankruptcy proceedings and pay a $37 million fine🔨.

📉Gemini Earn took a hit when FTX crashed in 2022, causing partner Genesis to halt withdrawals and file for bankruptcy💔. Over 200,000 Earn customers were left unable to access their funds😱. The New York DFS criticized Gemini for not conducting due diligence on Genesis, leading to significant financial harm for Earn customers.

👩‍⚖️Gemini has promised to return "100% of their digital assets back in kind" to Earn users, but the settlement still needs bankruptcy court approval🏛️. If approved, customers can expect to receive about 97% of their assets within two months and the remaining balance within 12 months📆.

🚧But Gemini's legal troubles aren't over yet! The exchange still faces legal actions from the US SEC and the New York Attorney General, who have sued for an alleged $3 billion fraud in relation to Gemini Earn🔥. Stay tuned for more updates on this crypto rollercoaster! 🎢