Crypto history
Genesis and Gemini Earn structure
The SEC's 2023 complaint described Genesis as borrower and Gemini as customer-facing agent for Earn.
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In this article
Overview
The SEC's 2023 complaint described Genesis as borrower and Gemini as customer-facing agent for Earn.
Why it matters
Platform, agent, borrower and ultimate counterparties had different duties and exposures.
What to check
Later repayment or dismissal never rewrites the historical withdrawal freeze.