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An arbitrator ruled earlier this month that Gemini did not mislead users or fail in its due diligence with lending partner Genesis Global Capital
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Gemini Space Station won an arbitration ruling earlier this month finding the crypto exchange did not mislead users or bear responsibility for the collapse of its Earn lending program, according to CNBC.
The Aug. 12 ruling dismissed a claim filed in late 2024 by an Earn user who sought damages tied to emotional distress. The ruling concluded that the record contained nothing showing Gemini had deceived customers or skimped on its vetting of Genesis Global Capital, the firm's chief lending partner. "In the instant case, Claimant offered no evidence of an actual or perceived threat to his physical safety," the ruling said, according to CNBC.
