According to CoinMeta, as reported by CNBC, an arbitrator ruled on August 12 that the cryptocurrency exchange Gemini was not at fault in the collapse of the Earn lending scheme, and there was no evidence to prove that it misled users or failed to conduct due diligence on Genesis Global Capital. The Earn scheme was launched in 2021 and withdrawals were suspended due to the sluggish market in 2022, affecting over 300,000 users. After Gemini and Genesis reached a settlement, Earn users have recovered $2.18 billion in digital assets, which accounts for about 97% of the debt. Currently, there are still more than a dozen related disputes against Gemini that have not been resolved.