JPMorgan Severs Ties With Crypto Exchange Gemini: Report

According to Coindesk, JPMorgan is severing its financial ties with the cryptocurrency exchange Gemini.
According to Coindesk, JPMorgan is severing its financial ties with the cryptocurrency exchange Gemini.
BlockFi founders and Gemini are the subjects of a class action lawsuit filed by an investor over frozen money.
Genesis and Gemini had also reached a $100 Million agreement over the Earn program
Gemini Earn, a product of Gemini Trust Company, has come under scrutiny recently after a report indicated users had been misled about FDIC coverage.
Genesis Global Capital had over 100,000 creditors and liabilities ranging between $1 billion and $10 billion.
In a lawsuit filed late on Thursday, the U.S. Securities and Exchange Commission (SEC) claimed cryptocurrency exchange Gemini and cryptocurrency lender Genesis Global Capital offered unregistered securities.
The DCG is allegedly engaging in dishonest negotiations with Barry Silber and attempting to sacrifice partners and users to protect itself from the FTX infection.
According to a court document in November, the site unexpectedly ended its Gemini Earn program, "essentially wiping off" investors who still had positions.
Some Gemini users have lately been the victim of phishing attempts, which are believed to be the result of an event at a third-party vendor.
Customers of crypto exchange Gemini are indebted $900 million by crypto brokerage Genesis