Richie EnamellerFeb 22, 2024
#Gemini repeatedly assured investors that investing with Genesis through their #GeminiEarn program was a low-risk investment. However, the OAG investigation uncovered that Gemini’s internal analyses of Genesis showed that the company’s financials were risky. https://ag.ny.gov/press-release/2024/attorney-general-james-expands-lawsuit-against-cryptocurrency-company-digital
Attorney General James Expands Lawsuit Against Cryptocurrency Company Digital Currency Group For Defrauding Investors

NEW YORK – New York Attorney General Letitia James today filed an amended complaint, expanding the Office of the Attorney General’s (OAG) lawsuit against

New York State Attorney General
Richie EnamellerJan 21, 2023

Cameron Winklevoss says legal action is being prepped 'imminently' against crypto titan DCG and boss Barry Silbert amid Genesis bankruptcy

#GeminiEarn

https://markets.businessinsider.com/news/currencies/dcg-barry-silbert-faces-legal-threats-from-winklevoss-gemini-2023-1

DCG, Barry Silbert faces legal threats from Winklevoss' Gemini

Just before Cameron Winklevoss' series of tweets mulling a lawsuit, Genesis filed for Chapter 11 bankruptcy protection on Thursday.

Markets Insider
⚯ Michel de Cryptadamus ⚯Jan 20, 2023

#GenesisTrading filed for bankruptcy in #SDNY.

- Bankruptcy Petition #: 23-10064
- #Gemini listed as a top creditor
- $100-500mm in assets
- $100-500mm in liabilities
- Genesis Global Capital LLC seems to have the #GeminiEarn debt. That petition hasn't posted yet but the list of creditors shows Gemini at $765.9mm.

For those unfamiliar #Genesis was probably the most important place #cryptocurrency (especially #Bitcoin) was bought and sold even though it was not retail facing.

Richie EnamellerJan 19, 2023

Gemini Earn customers thought their money was safe — now it's gone

#GeminiEarn
#winklevosstwins
#scamalert

https://www.axios.com/2023/01/17/gemini-earn-customers-cryptocurrency-savings

Gemini Earn customers thought their money was safe — now it's gone

Peter Chen wasn't trying to get rich overnight — he just wanted a nice yield on his savings.

Axios
El Club De Los Físicos MuertosDec 29, 2022
Investors have sued Crypto Exchange #Gemini and
#WinklevossTwins
http://bloom.bg/3YSBq6N
Accounts of #GeminiEarn program were offering up to 8% annual interest to investors who trusted their crypto assets but they were never registered as securities
Such registry when something if offered for public sale allows investors to receive information and avoid misconceptions at the time of purchase and fraud
This claim is for uS$ 900 million
Gemini, Winklevoss Twins Sued for Fraud Over Earn Accounts

Gemini Trust Co. and its founders, Tyler and Cameron Winklevoss, were sued by investors who claim the crypto asset exchange sold interest-bearing accounts which it failed to register as securities.

Bloomberg
Richie EnamellerDec 6, 2022
How much $USD equivalent do you have in #GeminiEarn
Reddit poll:
https://www.reddit.com/r/Gemini/comments/ze78is/how_much_usd_equivalent_do_you_have_in_gemini_earn/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
How much $USD equivalent do you have in Gemini Earn?

reddit
Richie EnamellerDec 4, 2022

Taxes on #GeminiEarn next year?

https://www.reddit.com/r/Gemini/comments/zc8bn9/taxes_on_earn_next_year/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Taxes on Earn next year?

If Earn redemption hasn't been resolved by tax season next year, do you report your interest gains, or do you report it as a loss?

reddit
Richie EnamellerDec 4, 2022

Check your November statement - #GeminiEarn

https://www.reddit.com/r/Gemini/comments/zbcpoo/check_your_november_statement_gemini_earn/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Check your November statement - Gemini Earn

If you requested a Gemini Earn withdrawal that was originally supposed to clear in November but didn’t, check your statement that just...

reddit
Richie EnamellerDec 1, 2022

Gemini Still Working With Genesis, Digital Currency Group to Unlock Earn User Withdrawals
Gemini said today it's still working on processing redemptions for its Earn product, which is powered by troubled crypto broker Genesis.

#GeminiEarn
#Genesis
https://decrypt.co/115270/gemini-still-working-genesis-digital-currency-group-unlock-user-withdrawals

Gemini Still Working With Genesis, Digital Currency Group to Unlock Earn User Withdrawals

Gemini said today it's still working on processing redemptions for its Earn product, which is powered by troubled crypto broker Genesis.

Decrypt
Richie EnamellerDec 1, 2022

Gemini Crypto Pauses Withdrawals, Fallout Continues From FTX Collapse
#GeminiEarn
#Genesis

https://www.forbes.com/sites/qai/2022/11/30/gemini-crypto-pauses-withdrawals-fallout-continues-from-ftx-collapse/

Gemini Crypto Pauses Withdrawals, Fallout Continues From FTX Collapse

What’s the latest Gemini crypto news? Well, Gemini recently announced they were pausing withdrawals, launching their own Trust Center, and what this means for crypto investors.

Forbes