Gemini agrees to return a minimum of $1.1 billion to customers of its defunct Gemini Earn Program as part of its settlement deal with New York regulators. Gemini launched the Earn program in 2021, with Genesis, an arm of Digital Currency Group (DCG), as its partner. FTX’s crash in 2022 subsequently caused Genesis to halt …
Tag: Chapter 11
Feb 25 2024
Core Scientific Successfully Emerges from Chapter 11 with Enhanced Financial Position
Bitcoin miner Core Scientific has completed its reorganization and is coming out of Chapter 11 with an improved financial position. The company said it anticipates initiating the listing of its common stock, tranche 1 warrants, and tranche 2 warrants on the Nasdaq Global Select Market under the symbols CORZ, CORZW, and CORZZ, respectively, starting from …