Gemini Commits to Returning $1.1B to Customers in Settlement with NYDFS
TL;DR Summary
Cryptocurrency exchange Gemini has agreed to return $1.1 billion to its users as part of a settlement with US regulators over allegations of misleading customers and violating rules. The agreement comes after an investigation by the New York Attorney General's office, which found that Gemini had engaged in misleading trading practices and failed to disclose certain fees to its customers.
- Live news: Crypto exchange Gemini agrees to return $1.1bn to users Financial Times
- Superintendent Adrienne A. Harris Secures Commitment from Gemini Trust Company, LLC to Return at Least $1.1 Billion to Earn Program Customers DFS.NY.gov
- Winklevoss Twins' Gemini Promises to Return $1.1B to Earn Customers CoinDesk
- Winklevoss-led Gemini agrees to return over $1 billion to customers in deal with N.Y. regulator that includes $37 million fine Fortune
- Gemini to return at least $1.1B to Earn customers in settlement with NYDFS Cointelegraph
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