“When Genesis encountered monetary misery because of a sequence of collapses within the crypto market in 2022, together with FTX Buying and selling Ltd. (“FTX”), Genesis was unable to return the crypto property it borrowed from Gemini Earn buyers,” the submitting stated, including that after the Gemini Earn program was halted, the corporate “refused to honor any additional investor redemptions, successfully wiping out all buyers who nonetheless had holdings in this system, together with Plaintiffs.”
