Read Gemini news, including exchange products, legal developments, regulatory issues, institutional offerings, and company strategy.
The number of active addresses holding GUSD returned to 2020 levels, while BUSD volume on exchanges shrank by 96% in the last seven months.
Zeynep Geylan 4 min read 
DCG is trying to liquidate its venture capital holdings worth $500 million, which is less than 17% of Genesis' outstanding debt.
The exchange has finally terminated its loan agreement with Genesis.
The recent allegations were a deflection of blame from parties responsible for marketing and operating Gemini Earn, according to DCG.
Barry Silbert allegedly lied to Gemini and over 340,000 users that DCG had injected about $1.2 billion to support Genesis after the 3AC collapse.
SBF will live with parents until October as trial date is set, Genesis under fire from customers, and Erik Voorhees looks to 2026 for the bull market to return
The claimants allege that Genesis breached its agreement with Gemini Earn users and engaged in the unregistered sale of securities.
The exchange allegedly didn't register its interest-bearing accounts as securities.
Gemini said it was entering maintenance mode to investigate an application recovery issue.
