Gemini Trust

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 :

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.