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

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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.

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