Crypto firm Gemini to pay over $1B back to customers in settlement

Misleading headline. Here's what Gemini has promised:

“all Earn users receiving 100% of their digital assets back in kind.”

The only party getting cash is NYDFS. Everybody else gets bits. And it's staggered over a period of months. Are those "digital assets" easily convertible to cash? What other roadblocks should victims know about?

This still has to be approved by the Bankruptcy Court.

Also discussed here yesterday:

https://news.ycombinator.com/item?id=39545797

[dupe]

in kind

isn't "in kind" a good thing here? As in, not trying to do some BS where they give the value of the assets from a certain date when Bitcoin was worth $17k?

Yes. It says in the article that the assets have gone up $700 million in value