Crypto exchange Gemini said Wednesday that a phishing campaign led to the collection of some customer email addresses and partial phone numbers.

Crypto exchange Gemini’s cofounder Cameron Winklevoss on Wednesday announced launching a page to help bring transparency process regarding finding a resolution for all Earn users to redeem their funds. Gemini has also formed a creditors’ committee to try and recover customers’ lost money and hired the law firm Kirkland & Ellis to resolve the issue at the earliest.

Gemini formed an ad hoc committee with other creditors to coordinate and advocate for a resolution to the crypto exchange's struggling Earn product — which paused customer redemptions on Nov. 16.

Customers whose money is locked up on trading and lending platform Genesis and who have taken legal advice on the matter currently account for some $1.8 billion of loans, according to a person familiar with the situation. And that number looks like it will continue to grow.

Cryptocurrency exchange Gemini is trying to recover the $900 million it had paid in loan to crypto broker Genesis and its parent company Digital Currency Group (DCG). 

Crypto brokerage Genesis owes $900 million to customers of Gemini, the crypto exchange run by Tyler and Cameron Winklevoss. 

Gemini Genesis News: Crypto exchange Gemini appears to be the latest victim of the contagion from FTX collapse, followed by adverse effects for BlockFi, Genesis and the Digital Currency Group (DCG). Earlier, crypto lender BlockFi officially filed for chapter 11 bankruptcy owing to the market effects caused by the FTX meltdown. While it remains to be seen as to how many more companies would fall victim to the FTX downfall, it is important to safeguard the interest of Gemini customers. According to latest reports, the crypto exchange is owed to the tune of nearly $1 billion by Genesis trading.

LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s crumbled FTX empire, is for sale and attracting interest from would-be buyers including crypto giants Blockchain.com and Gemini, according to people familiar with the matter.

Senator Ron Wyden wrote letters to Binance, Bitfinex, Coinbase, Gemini, Kraken, and KuCoin, seeking answers on the risks consumers face when investing on their platforms.

Crypto service providers Nexo and Gemini have been approved for registration with an Italian regulator, allowing the platforms to serve customers in the country.