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Gemini Trust Company, LLC (Gemini) is an American cryptocurrency exchange and custodian bank.It was founded in 2014 by Cameron and Tyler Winklevoss. [4] [5] [6]In 2023, the company, along with two others, was sued by the New York attorney general Letitia James under allegations that it had "defrauded" investors by exposing them to undue risk.
These are dark days for crypto exchanges with Gemini at the end of a lawsuit and Binance embroiled in more regulatory scrutiny. Gemini Exchange Sued by Retirement Investment Firm Over $36M Hack ...
Amid the last bull cycle, Gemini, which had largely operated as an exchange, launched its ill-fated Earn program that allowed customers to lend out cryptocurrencies for a yield of up to 13%.
The company had collected about 100 million euros by this point. This, the so-called biggest pyramid-scheme in Finland, was put up by Hannu Kailajärvi and his partner Tiina Wartti. They marketed the company by saying that the company is a successful currency exchange firm and that people can join the club only by invitation.
The Commodity Futures Trading Commission alleged Gemini employees misled the agency when the company was evaluating a potential Bitcoin futures contract.
Cameron Howard Winklevoss (born August 21, 1981) is an American cryptocurrency investor, former Olympic rower, and cofounder of Winklevoss Capital Management and Gemini cryptocurrency exchange. He competed in the men's pair rowing event at the 2008 Summer Olympics with his rowing partner and identical twin brother, Tyler Winklevoss .
Crypto lender Genesis Global has settled a U.S. Securities and Exchange Commission lawsuit over its defunct Gemini Earn lending program, agreeing to a $21 million fine that will be paid only if ...
Its story follows a group of cryptocurrency investors who lost money in the collapse of the QuadrigaCX exchange. They investigate the untimely death of its founder, Gerry Cotten, and attempt to recover the $250 million that they suspect he stole from them. [2] [3] The film was released on March 30, 2022. [4] [5]