Gemini Earn users may only receive 61% of their crypto investments, according to a reorganization plan from Genesis, a defunct crypto lender. The plan has caused outrage among users, with some calling it “brutal.” The complexity of the 374-page document has also been criticized, as many users may require assistance to understand it. The promised 61% return may also be misleading, as calculations suggest users may only receive 30.5% of their assets due to previous aspects of the plan and the designated petition date. Users have until January 10, 2024, to vote on the plan. If approved, there will be an initial distribution of Genesis’s assets to Earn users, while legal actions will continue to recover $1.6 billion for their benefit. If rejected, alternative options will be explored, potentially delaying distributions by several months.

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Information	Details
Geography	Global
Countries
Sentiment	negative
Relevance Score	1
People	James Seyffart
Companies	Gemini, None, Genesis, Bloomberg
Currencies	Ethereum, Bitcoin
Securities	None