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Gemini pays $5M to settle CFTC lawsuit over Bitcoin futuresGemini’s troubles didn’t start with the CFTC lawsuit. In 2017 and 2018, the Manhattan U.S. Attorney’s Office launched a criminal investigation tied to the company’s efforts to roll out ...
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Gemini agrees to a $5M penalty as part of proposed CFTC orderAccording to a Jan. 6 filing in the US District Court for the Southern District of New York, the CFTC filed a proposed consent order to resolve all outstanding claims against Gemini. If approved ...
The CFTC argued that, "Gemini personnel knew or reasonably should have known that such statements were false or misleading", implying a deliberate or careless oversight of the truth in their ...
"As long as MIT has any association with Gary Gensler, Gemini will not hire any graduates from this school,” Gemini's Tyler ...
So, Gemini's taking a $5M hit to settle with the CFTC after some shady 2017 claims. The CFTC accused the Winklevoss-led platform of misrepresenting stuff when trying to get their bitcoin futures ...
Gemini also agreed to a permanent injunction, according to the consent order filed in federal court in New York. The CFTC sued Gemini in 2022 for making false and misleading statements of material ...
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