Gemini, which was started by Tyler and Cameron Winklevoss, agreed to this in a settlement with the New York State Department of Financial Services that also included a $37 million punishment for the company.

The agreement pertains to a failed collaboration on the Earn interest-bearing product of the former between Gemini and DCG unit Genesis. After Genesis stopped taking withdrawals after the collapse of FTX last year, customer assets were locked.

Over 200,000 Earn users who have virtual money worth at least $1.1 billion are still unable to access it as of this writing.

Superintendent Adrienne Harris states: "Gemini failed to conduct due diligence on an unregulated third party, later accused of massive fraud, harming Earn customers who were suddenly unable to access their assets after Genesis Global Capital experienced a financial meltdown."

According to a blog post by Gemini, Earn customers may anticipate receiving 97% of their assets in kind in two months or less, with the remaining portion arriving in a year.

To help Earn consumers, Gemini would also add $40 million to Genesis' bankruptcy.

In October, the SEC accused both companies of promoting and selling unregistered securities, and New York Attorney General Letitia James sued Gemini and Genesis's parent company over the Earn program.