News Explorer — New York Recovers Another $50 Million From Gemini for ‘Swindled’ Earn Investors

Generated by AI, curated by humans

Jun 14, 7:27 pm

Decrypt

New York Recovers Another $50 Million From Gemini for ‘Swindled’ Earn Investors

The New York Attorney General's office has recovered $50 million from cryptocurrency platform Gemini on behalf of over 230,000 investors who participated in the company's Earn program. Gemini marketed the program as a way for investors to grow their money but actually locked them out of their accounts. This settlement, along with a previous $2 billion settlement, will fully reimburse investors on a coin-for-coin basis.

The New York Attorney General's office has recovered $50 million from cryptocurrency platform Gemini on behalf of over 230,000 investors who participated in the company's Earn program. Gemini marketed the program as a way for investors to grow their money but actually locked them out of their accounts. This settlement, along with a previous $2 billion settlement, will fully reimburse investors on a coin-for-coin basis.

Latest

Nov 12, 6:26 pm

Decrypt

VisionSys AI Stock Craters as Planned $2 Billion Solana Treasury Sells Shares

VisionSys AI's shares plummeted over 77% due to a registered direct offering, potentially generating $12 million. The co... Read Summary

Nov 12, 5:06 pm

Coindesk

Sui Stablecoin USDsui Launches With DeFi Integrations via Bridge

USDsui, a U.S.-compliant stablecoin by Sui, will be integrated into various DeFi protocols and applications. Bridge's Op... Read Summary

Nov 12, 5:05 pm

Decrypt

US Department of Justice Launches Strike Force to Combat Crypto Scams

The U.S. Department of Justice announced the Scam Center Strike Force to combat international crypto scam operations. Th... Read Summary

Nov 12, 4:53 pm

Decrypt

Coinbase Follows Elon Musk to Texas, Leaving Delaware to Reincorporate

Coinbase, the largest U.S. crypto exchange, is relocating from Delaware to Texas due to the latter's crypto-friendly env... Read Summary

Nov 12, 4:18 pm

Coindesk

Solana Company to Tokenize Shares With Superstate's Opening Bell

Solana Company plans to tokenize its shares with Superstate's Opening Bell, maintaining SEC registration and existing pr... Read Summary

Nov 12, 4:36 pm

Decrypt

Bitdeer's New Ohio Bitcoin Mining Facility Caught Fire During Construction

A fire in Massillon, Ohio affected two buildings owned by publicly traded Bitcoin miner Bitdeer. The fire was extinguish... Read Summary

Nov 12, 3:45 pm

Decrypt

SEC Chair Paul Atkins Clarified the Criteria for Establishing Whether Crypto Tokens Are Securities

SEC chair Paul Atkins clarified the criteria for overseeing the crypto industry, stating that certain tokens like networ... Read Summary

Nov 12, 3:21 pm

Decrypt

Visa Reveals Pilot to Use USDC Stablecoin for Creator, Gig Worker Payments

Visa is testing a new system where companies can send payments in fiat USD to stablecoin wallets, like USDC. Recipients... Read Summary

Nov 12, 2:31 pm

Decrypt

Corporations Hold More Bitcoin Than Ever, But They're Buying Less

In October, corporate Bitcoin accumulation slowed down, with companies adding the smallest amount of BTC this year. Desp... Read Summary

Nov 12, 2:01 pm

Decrypt

Franklin Templeton Brings Benji Tokenized Fund Platform to Canton

Franklin Templeton has extended its Benji Technology Platform to the Canton Network, enabling the offering of tokenized... Read Summary

Nov 12, 12:39 pm

Decrypt

Circle Beats Q3 Revenue Forecasts With a 66% YoY Increase

Circle exceeded analyst expectations in Q3, reporting $740 million in revenue and reserve income, a 66% year-on-year inc... Read Summary

Nov 12, 12:01 pm

Decrypt

Zcash Gets Its Own Treasury Company After 10x Price Surge

Cypherpunk Technologies Inc., formerly Leap Therapeutics, is venturing into digital assets by accumulating ZEC, the nati... Read Summary

Nov 12, 11:37 am

Decrypt

JPMorgan Launches Dollar Deposit Token on Ethereum Network Base: Bloomberg

JPMorgan Chase has introduced its deposit token on Coinbase's Base network, allowing instant transactions for institutio... Read Summary

Nov 12, 11:03 am

Decrypt

Ethereum Whales Are Buying the Dip With Crypto Prices Down

Large Ethereum investors are taking advantage of the market downturn to accumulate substantial holdings, with significan... Read Summary

Nov 12, 10:44 am

Decrypt

Convicted Russian Crypto Scammer Roman Novak and His Wife Murdered in the UAE

A convicted Russian crypto scammer, Roman Novak, and his wife were found dead in the UAE after meeting with fake investo... Read Summary