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Gemini terminates its Master Loan Agreement between users and Genesis

4 pointsby nonoespover 2 years ago
Here&#x27;s Gemini&#x27;s latest email regarding Gemini Earn.<p>===<p>&gt; Hi there,<p>&gt; We are writing to let you know that Gemini — acting as agent on your behalf — has terminated the Master Loan Agreement (MLA) between you and Genesis Global Capital, LLC (Genesis), effective as of January 8, 2023.<p>&gt; What does this mean?<p>&gt; This officially terminates the Earn Program and requires Genesis to return all assets outstanding in the program. Existing redemption requests are not impacted and continue to await fulfillment by Genesis.<p>&gt; How does this impact me and my assets in Earn?<p>&gt; The termination of the MLA and the Earn program has no impact on Gemini’s ability to pursue a resolution for you to recover your assets.<p>&gt; Where can I view my Earn balances?<p>&gt; Your Earn balance will now appear in your “Pending balances” total, which is accessible from the Home screen.<p>&gt; The return of your assets remains our highest priority and we continue to operate with the utmost urgency. We invite you to follow our Earn Updates page [1], which we will update (at a minimum) on Tuesday and Friday of each week until a resolution has been reached.<p>&gt; Team Gemini<p>&gt; [1] https:&#x2F;&#x2F;www.gemini.com&#x2F;earn

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