TechFlow News — Three Gemini Earn users have filed a class-action arbitration petition against Genesis Global Capital and Digital Currency Group, in response to Gemini’s suspension of its Gemini Earn product following Genesis’ freeze on withdrawals.
The claimants allege that Genesis failed to return digital assets belonging to Gemini Earn users as required under the master agreement between the company and its users.
Furthermore, the petition states that Genesis first breached the master agreement as early as the summer of 2022, but concealed its insolvency from customers. It also alleges that Genesis engaged in a sham transaction with its parent company DCG to hide its bankruptcy issues.Source
Add to Favorites
Share to Social Media
