Court filing: SEC drops a case against Gemini Trust, founded by the Winklevoss twins, major Trump donors; the case stemmed from Gemini Earn's implosion
Court filing: SEC drops a case against Gemini Trust, founded by the Winklevoss twins, major Trump donors; the case stemmed from Gemini Earn's implosion
The agency says that victims of an investment offering involving Gemini Trust got their money back, though after a regulatory action brought by the New York attorney general.
Gemini will return ~$50M of digital assets to investors who were locked out of their accounts when Gemini Earn collapsed, to settle a lawsuit by New York's AG
- Attorney General Letitia James sued Gemini Trust in October — The settlement follows similar action brought against Genesis
New York Attorney General expands her October 2023 lawsuit against DCG, Genesis, and Gemini Trust, tripling the size of their alleged Gemini Earn fraud to $3B+
Claiming $3 Billion In Alleged Crypto Fraud Scheme Owotunse Adebayo / Cryptopolitan : New York demands $3 billion from DCG amid expanded lawsuit Jamie Redman / Bitcoin News : Court Filing Shows Genesi...
Court filing: crypto lender Genesis sues the Winklevoss' exchange Gemini Trust to recover $689M, alleging Gemini made preferential transfers to other creditors
Amitoj Singh / CoinDesk :
Sources: Tyler and Cameron Winklevoss recently loaned $100M of their own money to Gemini Trust, after their crypto exchange failed to raise funds from investors
Bloomberg :
Former Gemini Trust Chief Operating Officer Noah Perlman joined Binance in January 2023 as its chief compliance officer, in time for a US regulatory squeeze
Olga Kharif / Bloomberg :
By suing Genesis Global Capital and Gemini Trust over Gemini Earn in 2023, the SEC is years late to addressing the crypto lending product marketed as a security
Earn — Well, of course: … We covered this in 2021, when Coinbase Global Inc.'s similar crypto lending program was shut down by the SEC before it started.
Gemini Trust COO Noah Perlman leaves the company, as founders Tyler and Cameron Winklevoss struggle to regain $900M in customer funds lent to DCG's Genesis
Olga Kharif / Bloomberg :
Sources: JPMorgan Chase has extended banking services to two bitcoin exchanges, Coinbase and Gemini Trust, the first time it has accepted crypto clients
JPMorgan Chase has taken on two well-known bitcoin exchanges, Coinbase and Gemini Trust, as banking customers, say people familiar with the matter …