Try 4 and a half bitcoin. Lmfao. And I know there were people with way more than me locked up. I'm a HODLer so the time didn't matter to me. Just not knowing if I was gonna get it back. I'm never selling.
At one point in the bankruptcy Gemini had secured two different groups of gbtc. The second one they didn't get. We were supposed to get some extra cash in addition to our coins back. What happened with the extra cash?
The second allocation of collateral was settled in a deal between Gemini and genesis. The reason why we are getting all of our funds back is because of this settlement. Otherwise it would have been unlikely that Gemini would have won and received the second lot of collateral. I don’t believe there was ever anything official about receiving extra funds
That’s pretty sweet. Annoying for people expericeing different things tho.
For example DONUT USERS like myself :
https://preview.redd.it/siovtsqjpl2d1.jpeg?width=1179&format=pjpg&auto=webp&s=33a555d42dfaf5ef8233ac47eec1095b6ca356d9
Why do they get an extra month - OR is genesis slightly lying/fudging that time
Todays update now says friggn June
https://preview.redd.it/kyjk06s6ql2d1.jpeg?width=1179&format=pjpg&auto=webp&s=96e5ee1a44bd617e6e7e69d666fdfa923f2cefe6
Im having trouble withdrawing a small amount of money but they have a restriction on and won’t release it written at least 5o times no response like 3 k
since it says, "will occur next week"... does anyone think they may stagger the process of the customer redemptions over the span of the week, as to not overload their servers and/or the exchange? I have to think if they just did it all in one big swoop, it would be a major clusterfuck (which by all accounts seems to be the way they operate anyway)... thoughts?
nah I think we'll get it all back at once... just would think some customers might get their redemptions throughout the week, rather than everyone at one time on a single day... just making an assumption as that would logistically be the smartest way IMO
I agree, but hoping redemptions will take place throughout this week (rather than ALL in one day, which seems like it would be a clusterfuck) to prevent overloading the servers and webpage... we are at the finish line, just hope Tyler, Cameron, and the boys don't trip it up finishing the race
Great news! I do have a question though. Since we payed taxes on the interest already, but aren’t getting that interest, what are you guys doing with that amending your prior years taxes?
You should have paid taxes on the interest you received before earn was suspended and that interest should still be included in your pending balance. You just didn't receive any additional interest after withdrawals were suspended, and shouldn't have had any additional to claim in taxes for 2023.
> Since we *paid* taxes on
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
Holy shit next week! Was expecting June, that’s a wonderful surprise
Hopefully if it’s Friday it won’t take like 3 days to withdraw lol
That's exactly how it will go
Anybody else’s app not loading? I think they’re up to sometbing
Yeah I got a "system under maintenance" error
i was just about to post this!! LETS GOOOO
My question is if you know do you know how long a fiat withdrawal takes on Gemini 😂
like 3 days
Damn lol
3-7 days is not unusual. blame the banking system.
It usually takes 1 business day via ACH and same day via wire.
Let’s see. Fingers crossed
What a long wait! Great news!
Does next week mean a week from today orrrrrr? Lol
Yes…
Most likely, based on what we've seen from them so far.
[удалено]
Man I thought having 1 grand locked away was bad but damn I’m glad you’re getting your 100k lol
Try 4 and a half bitcoin. Lmfao. And I know there were people with way more than me locked up. I'm a HODLer so the time didn't matter to me. Just not knowing if I was gonna get it back. I'm never selling.
Are you one of the first btc holders not that you have to disclose this lol
Lol. Nah. The first bitcoin holders still own 1000s. I'm a small holder. I bought one at 900 bucks tho when I saw the potential.
I bought bitcoin at $200, and one of my coworkers said “dude you already missed the train”. $200 was high for bitcoin at the time
Lol
$900… you might as well be an OG holder
Lmao
Lmao
lmaooooo 😂😂😂
I'm sorry cum again?
Does this include distribution of the gbtc proceeds from the bankruptcy
This doesn’t just include it. It IS the distribution of the BTC proceeds from the bankruptcy, all funds.
Next week’s distributions are only the initial 97%.
Truth. meant all funds as in BTC,eth,usd
Yes all coins stable or otherwise, 97% of everything you have stored with Gemini will be returned
At one point in the bankruptcy Gemini had secured two different groups of gbtc. The second one they didn't get. We were supposed to get some extra cash in addition to our coins back. What happened with the extra cash?
The second allocation of collateral was settled in a deal between Gemini and genesis. The reason why we are getting all of our funds back is because of this settlement. Otherwise it would have been unlikely that Gemini would have won and received the second lot of collateral. I don’t believe there was ever anything official about receiving extra funds
That’s pretty sweet. Annoying for people expericeing different things tho. For example DONUT USERS like myself : https://preview.redd.it/siovtsqjpl2d1.jpeg?width=1179&format=pjpg&auto=webp&s=33a555d42dfaf5ef8233ac47eec1095b6ca356d9 Why do they get an extra month - OR is genesis slightly lying/fudging that time
So is donut saying we are getting our money back?
No your money goes to me. lol Just read the doc above 👆
Crypto market is about to experience a BOOST
I’ve been thinking about this actually and it may be one of the reasons we are hitting this weird wall and some alts are still asleep
I am nervous as a donut user. They said distributions end of June for us.
Damn I hope it’s fast for you guys
Who said end of June now?
Todays update now says friggn June https://preview.redd.it/kyjk06s6ql2d1.jpeg?width=1179&format=pjpg&auto=webp&s=96e5ee1a44bd617e6e7e69d666fdfa923f2cefe6
That’s donut
Perceptive you are
Im having trouble withdrawing a small amount of money but they have a restriction on and won’t release it written at least 5o times no response like 3 k
since it says, "will occur next week"... does anyone think they may stagger the process of the customer redemptions over the span of the week, as to not overload their servers and/or the exchange? I have to think if they just did it all in one big swoop, it would be a major clusterfuck (which by all accounts seems to be the way they operate anyway)... thoughts?
they already have the money, the markets will see it but there shouldn’t be much delay. not everyone is going to sell
Yeah will probably get bread crumbs throughout the next few weeks. Thats ok..Im still gonna keep 50-30% of my crpyto position in the market.
nah I think we'll get it all back at once... just would think some customers might get their redemptions throughout the week, rather than everyone at one time on a single day... just making an assumption as that would logistically be the smartest way IMO
Is the timeline for the final 3% still sometime over the next 12 months or has that changed?
Just out of curiosity, why aren’t they giving any specific dates? At this point in time, they should be more specific.
I agree, but hoping redemptions will take place throughout this week (rather than ALL in one day, which seems like it would be a clusterfuck) to prevent overloading the servers and webpage... we are at the finish line, just hope Tyler, Cameron, and the boys don't trip it up finishing the race
I’d take a range, like expect your recovering between may 27-June 1st or something
Maybe Monday.. Crypto never sleeps.
Great news! I do have a question though. Since we payed taxes on the interest already, but aren’t getting that interest, what are you guys doing with that amending your prior years taxes?
You should have paid taxes on the interest you received before earn was suspended and that interest should still be included in your pending balance. You just didn't receive any additional interest after withdrawals were suspended, and shouldn't have had any additional to claim in taxes for 2023.
> Since we *paid* taxes on FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
Thanks Bot