FDIC Allegations on Popular Crypto Exchange Gemini: US Investigating

Popular US cryptocurrency exchange Gemini is being investigated by the Department of Financial Services for implying that in the past Gemini “Earn” program funds were insured by the Federal Insurance Corporation (FDIC).

According to Axios’ news on January 30, Gemini “Earn” program customers, the exchange themselves FDIC by are insured saying you cheated He claimed. New York Department of Financial Services on the subject about Gemini investigation started.

According to the information received, Gemini is responsible for the customer assets of the program. part held in foreign banks is insured glance Although customers, the statement of all assets interpreted it as insured.

The product of the Gemini Earn program of insurance claims GUSD Sources reporting that it covers Gemini’s GUSD funds clearly Have FDIC insurance you didn’t say but this is the situation of the customers who stay in contact you understand conveyed.

On the other hand, commenting on many customers with Gemini security of funds during their communication about same error he said he fell.

Crypto loan platform that went bankrupt in the recent past Voyager Digital also similar was found in one case.

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