# Gemini Earn Depositors Made Whole

*Author: David Christopher*
*Published: May 29, 2024*
*Source: https://www.bankless.com/gemini-earn-depositors*

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Today, Gemini Earn users received [$2.18B](https://x.com/Gemini/status/1795819898049884468) of their digital assets in a recovery from when Genesis, a crypto broker involved in Gemini Earn, [halted withdrawals in 2022](https://www.coindesk.com/business/2022/11/16/genesis-crypto-lending-unit-is-halting-customer-withdrawals-in-wake-of-ftx-collapse/).

### What’s the scoop?
- **Then versus Now:** $2.1B represents a [232% recovery](https://www.gemini.com/blog/gemini-earn-users-receive-usd2-18-billion-of-their-digital-assets-in-kind-a) in the fiat value of assets from when Genesis initially halted withdrawals, meaning users received a total of $1B more than they initially deposited. Gemini personally added $50M to the Earn users’ recovery.
- **Future Distribution:** This still only accounts for 97% of the assets owed to Earn users, with the remaining balances to be received within the next 12 months.

### Bankless take
Gemini Earn’s return comes in the wake of the Genesis bankruptcy resolution, marking a bright spot in rectifying the fallout from the last cycle’s fraud. Further, it puts the FTX claims to shame, returning assets in-kind at their present-day prices — i.e. **1 BTC when Genesis halted withdrawals = 1 BTC at present-day prices**. Overall, this recovery helps turn a new leaf for the industry, while still reminding us of the extensive efforts needed to recover from fraud and contagion.

> good karma and solid commitment from [@tyler](https://twitter.com/tyler?ref_src=twsrc%5Etfw) and [@cameron](https://twitter.com/cameron?ref_src=twsrc%5Etfw) where [@gemini](https://twitter.com/Gemini?ref_src=twsrc%5Etfw) itself has filled a $50m gap caused by losses by DCG/genesis, to make all their earn users whole. this is they way to show responsibility and go above and beyond. kudos— Adam Back (@adam3us) [May 29, 2024](https://twitter.com/adam3us/status/1795858889868562749?ref_src=twsrc%5Etfw)
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*This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=gemini-earn-depositors)*