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New York Attorney General (NYAG) Letitia James today filed a lawsuit against cryptocurrency companies Gemini Trust Co. (Gemini), trading firm Genesis Global Capital and conglomerate Digital Currency Group (DCG) for allegedly defrauding more than 230,000 investors, including at least 29,000 New Yorkers, of more than $1 billion. Source
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New York’s attorney general has filed a lawsuit against cryptocurrency firms Gemini, Genesis and Digital Currency Group (DCG) for allegedly defrauding investors through the Gemini Earn investment program.An official statement from the office of Attorney General Letitia James outlines the basis of the charges, claiming that the companies defrauded more than
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Blockchain sleuths have zeroed in on a recent transaction from a wallet associated with Ethereum co-founder Vitalik Buterin, where he transferred $14.9 million worth of USD Coin (USDC) to the cryptocurrency exchange Gemini.According to an Oct. 17 post from blockchain analytics firm PeckShield on X, Buterin’s wallet “Vitalik.eth” transferred $14.93
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Gemini, a cryptocurrency exchange founded by the Winklevoss twins, will reportedly cease operations in the Netherlands due to regulatory requirements imposed by the De Nederlandsche Bank (DNB). According to Reddit sources, the exchange notified its clients in the country of its decision to take effect on Nov. 17, 2023. Gemini cited the DNB’s
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Gemini said it is taking the step "due to requirements imposed by the De Nederlandsche Bank (DNB)," Source
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The Netherlands took the lead among European Union member states by mandating that crypto companies adhere to the 5th Anti-Money Laundering Directive (5AMLD). Leading cryptocurrency exchange Gemini has decided to halt its operations in the Netherlands, citing mounting regulatory hurdles imposed by the Dutch central bank De Nederlandsche Bank (DNB). The
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New York-headquartered crypto exchange Gemini has decided to quit the Netherlands, following in the footsteps of crypto giant Binance. The company cites its inability to meet the regulators’ requirements but says it intends to return to the Dutch market. In a letter to its Dutch users on Sept. 26, Gemini asks
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Gemini said that the recent report from New York Post is quite misleading and “pure fantasy”. The exchange added that all the funds belonged to its Earn users. In August of the previous year, cryptocurrency exchange Gemini transferred $282 million from its Earn users’ funds to its liquidity reserve, as stated
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Gemini Trust Co., a crypto exchange, reportedly withdrew $282 million from Genesis Global Holdco LLC months before Genesis filed for bankruptcy. Genesis and Gemini used to work together on the Earn program. Under this initiative, Gemini allowed users to lend crypto via Genesis and earn returns. This partnership appeared mutually beneficial
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