Arbitrator Finds Gemini Not Responsible for Earn Program Collapse

An arbitrator has ruled that Gemini Space Station was not responsible for the collapse of its Earn lending program, finding insufficient evidence that the cryptocurrency exchange misled customers or failed to conduct adequate due diligence on its lending partner, Genesis Global Capital, according to CNBC . 12, stemmed from a claim filed in late 2024 by a Gemini Earn customer seeking damages for emotional distress related to the program’s failure.