196

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

26 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] Moobythegoldensock@lemm.ee 26 points 1 year ago

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.

this post was submitted on 19 Oct 2023

196 points (97.6% liked)

Technology

59740 readers

2535 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 2 years ago

MODERATORS