Gemini lied about FDIC insurance in emails to Earn customers: report
In legally ambiguous and vague language, Gemini repeatedly told its customers that funds were FDIC-insured, giving them false hope that their money was safe.
Latest Digital Currency Group News
Celsius tosses scraps to victims, Alex Mashinsky thought himself infallible
Jenner & Block attorney Shoba Pillay, the bankruptcy court-appointed examiner of the collapsed Celsius crypto lending platform, released a 689-page report into the history of the Celsius fraud.
Barry Silbert was bullish on Bitcoin BSV—even in 2014
Barry Silbert was bullish on bitcoin in 2014; however, in 2017-2022, he turned to a multi-chain and speculation/trading-based investment strat, leading to one of the major bankruptcies of this bear market.
Digital Currency Group-owned exchange Luno axes 35% of staff
It's estimated that the firm will cut 330 jobs, mostly in its marketing department, giving some insight into how industry insiders view the growth prospects of exchanges in the near-term future.
Digital Currency Group’s Luno exchange cuts staff, Grayscale won’t cut fees
In a 'town hall' meeting on January 25, U.K.-based digital assets exchange Luno revealed that around 35% of them were out of a job.
Roger Ver sued for reneging on $21M debt to Genesis trading group
GGC International Ltd filed a summons with the New York State Supreme Court, giving Roger Ver 20 days to answer the complaint filed against him for failing to honor his financial obligations.
CoinDesk sale rumors offer hope for truthful Bitcoin coverage
While Digital Currency Group shareholders were bracing for impact, Wall Street Journal revealed that DCG’s wholly-owned CoinDesk subsidiary was exploring a possible sale.
Genesis parent company files for Chapter 11 bankruptcy protection as Winklevoss kicks Silbert anew
Sign traders' expectations proved true as Genesis Global Capital LLC's parent company officially filed for Chapter 11 bankruptcy following a tumultuous year for the 'crypto' house of cards.
Digital Currency Group halts dividends as Genesis preps bankruptcy filing
Genesis Global is on the brink of filing for bankruptcy this week after being caught off guard by the 3AC collapse last year, but sources said talks are ongoing and plans could change.
Genesis and Gemini hit with SEC charges
The U.S. securities regulator has formally charged Genesis Global Capital LLC and Gemini Trust Company LLC for the unregistered offer and sale of securities in connection with the Gemini Earn digital asset lending program.
Gemini seeks ‘unfit’ Barry Silbert’s ouster as Digital Currency Group CEO
Cameron Winklevoss says some 340,000 Gemini Earn users have been “defrauded” by DCG subsidiary Genesis Global Capital and, by extension, by Silbert “and other key personnel.”
Genesis Trading lays off 30% of staff following spillover of industry catastrophes
A Wall Street Journal report suggests the layoffs could be as high as 60 individuals, with insiders with knowledge of the matter noting the terminations cut across several departments.