Let's go!!
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Cameron Winklevoss’s Tweets
7/ Oh, and on a more positive note, bitcoin hit 19k today! Onward!
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6/ For the avoidance of doubt, Gemini has always worked hard to comply with all relevant laws and regulations. Any suggestion to the contrary is unsupported by the facts.
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5/ But seriously, what is the point or urgency here? The Earn program has been shut down for almost two months.
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4/ We look forward to defending ourselves against this manufactured parking ticket. And we will make sure this doesn’t distract us from the important recovery work we are doing.
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3/ Despite these ongoing conversations, the SEC chose to announce their lawsuit to the press before notifying us. Super lame. It’s unfortunate that they’re optimizing for political points instead of helping us advance the cause of 340,000 Earn users and other creditors.
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2/ As a matter of background, the Earn program was regulated by the and we’ve been in discussions with the SEC about the Earn program for more than 17 months. They never raised the prospect of any enforcement action until AFTER Genesis paused withdrawals on November 16th.
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All updates can be found here:
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This plan is based on information received from Genesis, DCG, and their respective advisors to date. The Creditor Committee expects an initial response this week.
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Earn Update: Today, Houlihan Lokey 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.
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It is still early stages, and discussions are ongoing, however, we will update you as soon as more information is available.
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Earn Update: Houlihan Lokey, the Financial Advisor of the Creditor Committee, has begun advocating for a plan to resolve the liquidity issues at Genesis and DCG and provide a path for the recovery of funds.
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We just updated our Trust Center. All data are now updated hourly. More updates coming soon!
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Earn Update: Houlihan Lokey has been engaged as Financial Advisor on behalf of the Creditor Committee.
You can find all Earn updates here:
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4/ Gemini has also formed an ad hoc committee with other creditors (Creditor Committee) to coordinate efforts and advocate together. Returning your funds is our highest priority and we are operating with the utmost urgency.
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3/ Gemini — acting as agent on behalf of Earn users — has been in ongoing conversations with Genesis Global Capital, LLC, (the parent company of Genesis), and (CEO of DCG) in an effort to find a resolution ASAP.
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2/ At a minimum, we will update this page on Tuesday and Friday of each week until a resolution has been reached.
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1/ Today, is launching a new page that aims to bring as much transparency as possible to the process of finding a resolution for all Earn users to redeem their funds:
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To appease the lawyers, I must clarify that whenever Gemini is referenced in relation to Earn users, it is acting as agent on their behalf. This is true for all tweets and messages, unless stated otherwise. Thanks
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Kirkland & Ellis has been engaged as counsel by the Creditor Committee to advocate on its behalf.
Returning your funds is our highest priority and we are operating with the utmost urgency.
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Earn Update: On Saturday (December 3, 2022), Gemini formed an ad hoc committee with other creditors (Creditor Committee) to coordinate efforts and advocate together for a resolution.
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1/ We are pleased to announce the launch of the Trust Center, a dashboard of metrics for the funds we hold on the Gemini platform and on your behalf, as well as other important data and information.
Learn more: bit.ly/3Vj2JF9
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5/5 All customer funds held on the Gemini Exchange and in Gemini Custody are held 1-to-1 and available for withdrawal at any time. You can read more here:
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6/6 This does not impact any other Gemini products and services. Gemini is a full-reserve exchange and custodian. All customer funds held on the Gemini exchange are held 1:1 and available for withdrawal at any time. You can read more here:
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