Crypto exchange Gemini not at fault for collapse of Earn lending program, arbitrator says
An arbitrator found that crypto exchange Gemini was not at fault for the collapse of its Earn lending program, after a user filed a claim in late 2024. The ruling concluded there was insufficient evidence that Gemini misled customers or failed to perform due diligence with its lending partner, Genesis Global Capital.
Why it matters — The ruling clears Gemini of liability in the Earn program collapse, reducing legal and reputational risk for the company that operates the Gemini Space Station.