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Crypto firm Gemini to pay over $1B back to customers in settlement

• Akhmetshina 3y ago
  [dead]
• tzm 3y ago
  in kind
  • babyshake 3y ago
    isn't "in kind" a good thing here? As in, not trying to do some BS where they give the value of the assets from a certain date when Bitcoin was worth $17k?
    • zoklet-enjoyer 3y ago
      Yes. It says in the article that the assets have gone up $700 million in value
• hbcondo714 3y ago
  Also discussed here yesterday: https://news.ycombinator.com/item?id=39545797 https://news.ycombinator.com/item?id=39545797
• ilamont 3y ago
  Misleading headline. Here's what Gemini has promised: “all Earn users receiving 100% of their digital assets back in kind.” The only party getting cash is NYDFS. Everybody else gets bits. And it's staggered over a period of months. Are those "digital assets" easily convertible to cash? What other roadblocks should victims know about?
  • bradly 3y ago
    This still has to be approved by the Bankruptcy Court.
  • deleted 3y ago
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• deleted 3y ago
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• ChrisArchitect 3y ago
  [dupe]
• deleted 3y ago
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