Gemini cleared in arbitration over Earn lending program collapse, no evidence of wrongdoing found

An arbitrator ruled in August 2025 that Gemini did not mislead users or neglect due diligence in its Earn lending program, which collapsed after its partner Genesis Global Capital faced a liquidity crisis. The claim was filed by an Earn user in late 2024 but lacked proof of harm or negligence by Gemini. Despite halting withdrawals in 2022, Gemini has since returned 97% of digital assets to Earn users and settled related lawsuits, though some disputes remain ongoing. This ruling helps clear Gemini's reputation amid ongoing challenges in crypto lending.