Gemini to Pay $1 Billion to Customers in Settlement

Compliance Concerns: NYDFS cites compliance issues in Gemini's Earn program management.

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Compliance Concerns: NYDFS cites compliance issues in Gemini's Earn program management.

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Oversight Failure: Gemini didn't properly vet or monitor Genesis, leading to customer fund loss.

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Settlement Details: Gemini to pay US$37 million and return all assets to customers, mostly within two months.

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Legal Challenges: Gemini faces ongoing lawsuit alleging investor deception and US$3 billion in losses.

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Gemini to Pay $1 Billion to Customers in Settlement

Compliance Concerns: NYDFS cites compliance issues in Gemini's Earn program management.

Compliance Concerns: NYDFS cites compliance issues in Gemini's Earn program management.

Oversight Failure: Gemini didn't properly vet or monitor Genesis, leading to customer fund loss.

Settlement Details: Gemini to pay US$37 million and return all assets to customers, mostly within two months.

Legal Challenges: Gemini faces ongoing lawsuit alleging investor deception and US$3 billion in losses.

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