The bankrupt crypto lender Genesis Trading deposited $36.45M worth of 34 crypto assets to Gemini in the past 50 minutes, with the top 5 assets including:

• 16.4M GRT ($4.83M)
• 123K INJ ($2.95M)
• 396M AMP ($2.93M)
• 32.3K AAVE ($2.43M)
• 5.56M MANA ($2.43M)
• address: 0x0548f59fee79f8832c299e01dca5c76f034f558e
• This address belongs to the entity Genesis Trading: OTC

Notably:

• Crypto exchange Gemini, the biggest Genesis creditor, expects the user fund settlement to take effect on May 4, 2024, with initial distributions, comprising approximately 97% of owed digital assets as of November 16, 2022, likely by early June (more details here).
• Currently, Genesis still holds $2.41B in various crypto assets, including 32,041 BTC ($2.01B) and 125,104 ETH ($380M).

 



Fig 1. 34 assets ($36.45M) were deposited to Gemini by Genesis Trading on May 9, 2024.

 



Fig 2. The current holding of Genesis Trading.

 

Fig 3. Update for the Gemini Earn Program on X (formerly Twitter).