They got back BTC! It wasn't like FTX who is just giving back the dollar amount they are giving back whatever coin was stuck with whatever interest it had earned up to that point!

Did they get 97% of the bitcoin balance or fiat balance because at that time Bitcoin was worth much less so that could be quite the haircut. 

grayruby

news

Gemini Earn Distributions Have Been Delivered

Cje95

I think it is one of those best-case scenario for a painful lesson that ended up not being too terrible.... the funds have been locked up for so long that I think it taught a lot of people. I am amazed they were able to pull of the get back in kind since that will not be happening with FTX so I think when you look at the two of them they together help people better understand custodial issues 