Jun 10 2024
Gemini’s bankrupt crypto lending arm has successfully recovered virtually all of its customers’ digital assets. The crypto exchange, founded by billionaire entrepreneurs Cameron and Tyler Winklevoss, announced on Wednesday that Gemini Earn customers had “received $2.18 billion of their digital assets in kind” The announcement was well received by the online crypto community, who applauded …
Mar 02 2024
Gemini agrees to return a minimum of $1.1 billion to customers of its defunct Gemini Earn Program as part of its settlement deal with New York regulators. Gemini launched the Earn program in 2021, with Genesis, an arm of Digital Currency Group (DCG), as its partner. FTX’s crash in 2022 subsequently caused Genesis to halt …
Feb 27 2024
New York Attorney General Letitia James has massively expanded her lawsuit against Digital Currency Group (DCG) for allegedly defrauding hundreds of thousands of investors. The AG accused both firms – alongside DCG CEO Barry Silbert and ex-Genesis CEO Soichiro Moro – of “defrauding additional individuals and institutions of an additional $2 billion” Back in October, …
Jan 30 2024
New York Attorney General Letitia James has taken decisive action against major players in the cryptocurrency industry. James filed a lawsuit against Gemini Trust, Genesis Global Capital, and Digital Currency Group (DCG) The legal action centers around Gemini Earn, a joint effort between Genesis and Gemini that offered investors significant returns on their cryptocurrency deposits. …