So Gemini is suing Genesis for $1.6B. Genesis is suing Gemini for $0.7B. The New York AG is also suing both of them. The SEC is also suing both of them.
I just hope there's a few bucks left over for the investors after all the legal fees.
I just hope there's a few bucks left over for the investors after all the legal fees.
Oh wait, haha, I was thinking of real banks with regulation, but this is crypto world. Yeah, your moneys’s gone.
> Gemini is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS). We are subject to capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the NYSDFS and the New York Banking Law. Gemini is also a fiduciary and Qualified Custodian.