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New York sues crypto firms for losing over $1 billion (www.theverge.com)

submitted 1 year ago by simple@lemm.ee to c/technology@lemmy.world

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[–] Moobythegoldensock@lemm.ee 26 points 1 year ago (1 children)

Last November, Gemini paused withdrawals from its Earn program in the wake of the FTX collapse, preventing customers from accessing their funds. The New York Post reported in September that the Winklevoss twins allegedly withdrew $280 million from Genesis before the firm ultimately collapsed.

Additionally, James is suing Genesis and its DCG parent company for allegedly trying to cover up over $1 billion in losses.

That’s a bit more than “buyer beware.”

[–] pete_the_cat@lemmy.world 1 points 1 year ago

Yeah I'll agree, that is pretty shitty.