Gemini terminates its Master Loan Agreement between users and Genesis
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> Hi there,
> 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.
> What does this mean?
> 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.
> How does this impact me and my assets in Earn?
> 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.
> Where can I view my Earn balances?
> Your Earn balance will now appear in your “Pending balances” total, which is accessible from the Home screen.
> 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.
> Team Gemini
> [1] https://www.gemini.com/earn