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  4. Investors Sue Winklevoss Twins Over “Unregistered” Gemini Earn
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Investors Sue Winklevoss Twins Over “Unregistered” Gemini Earn

Gemini Trust Company and its founders are being sued for not registering Gemini Earn as a security.Investors who lost funds allege they were not given enough data to make an...
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Investors Sue Winklevoss Twins Over “Unregistered” Gemini Earn Investors Sue Winklevoss Twins Over “Unregistered” Gemini Earn

  • Gemini Trust Company and its founders are being sued for not registering Gemini Earn as a security.

  • Investors who lost funds allege they were not given enough data to make an informed decision.

  • Gemini has not updated Earn clients since suspending withdrawals after Genesis’ liquidity difficulties.

According to Bloomberg, a class action lawsuit has been filed against Gemini Trust Co. and its founders, Tyler and Cameron Winklevoss, on allegations that the cryptocurrency exchange unlawfully issued interest-bearing accounts without registering them as securities.

Investors claim the firm and its founders of fraud and breaches of the Exchange Act in a class-action lawsuit filed on Tuesday in the U.S. District Court for the Southern District of New York.

Launched in 2015 by Cameron and Tyler Winklevoss, Gemini offers a high-yield product called Gemini Earn that enables consumers to deposit their cryptocurrencies for interest, similar to a bank account, delivering yields of up to 8% on their holdings, depending on the asset.

Gemini unexpectedly suspended withdrawals for Earn last month when Genesis Global—the exchange’s primary partner—faced a liquidity problem amid the contagion created by the bankruptcy of FTX, Alameda Research, and dozens of ...

The post Investors Sue Winklevoss Twins Over “Unregistered” Gemini Earn appeared first on Coin Edition.

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01-05-2024 10:45:17 (UTC+7)

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EUR/USD

1.0658

-0.0008 (-0.07%)

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1.2475

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USD/JPY

157.91

+0.12 (+0.07%)

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↑ Buy

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AUD/USD

0.6469

-0.0003 (-0.05%)

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Neutral

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USD/CAD

1.3780

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168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

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Gold Futures

2,295.80

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4.5305

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81.14

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85.62

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1.946

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213.73

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Euro Stoxx 50

4,920.55

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5,035.69

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8,144.13

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17,763.03

+16.12 (+0.09%)

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1,973.05

-42.98 (-2.13%)

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10,854.40

-246.40 (-2.22%)

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49.155

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27.35

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266.60

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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ↀ Giá vàng thế giới
$2,285.72-47.5-2.04%
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Sản phẩmVùng 1Vùng 2
RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
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Dầu hỏa 2-K20.68021.090
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$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD25.088,0025.458,00
EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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