UPDATE: Kim & Serritella LLP is assessing additional claims against Gemini on behalf of Earn investors, including for missed interest payments.

Dear Gemini Earn Investor,

As many of you already know, Gemini announced that it returned 100% of the digital assets owed to Earn users to their accounts.  However, Gemini refuses to compensate Earn investors with the interest payments they were promised during the period their assets were frozen between November 2022 and June 2024.

K&S is now prosecuting arbitrations against Gemini and the Winklevoss twins on behalf of investors, including for missed interest payments and triple damages under consumer protection laws.  If we do pursue further litigation, investors’ claims would likely have to be brought individually rather than on a class-wide basis.  This would mean (among other things) that any Earn investor who wished to litigate their claims would have to bring their own arbitration (by hiring us or another law firm, or even proceeding on their own) rather than having the option to passively participate in the litigation as a class member.

If you have any other questions, please don’t hesitate to reach out to us again.

Note: The information contained herein is provided for informational purposes only and should not be construed as legal advice.  You should not act or refrain from acting on the basis of any content included in this email without seeking legal or other professional advice.  The contents of this website contain general information and may not reflect current legal developments or address your situation.

We’ve also been told that many Gemini users have been targeted by scammers pretending to be Gemini personnel, via email, whatsapp, and phone calls / texts. This is a common scam in the crypto space and is intended to trick investors into sharing account details, at which point the scammer is able to drain the targeted account. These calls and messages can be highly sophisticated and convincing. You can avoid scams with measures such as a) be aware that it is highly unlikely that support would reach out to you directly, particularly through text, social media, or WhatsApp; b) Always double-check urls and account names – usually companies will list their verified support emails and account, and the url will never be a variation of the primary url or have a different suffix (.co, .net, etc); c) NEVER give your password or seed phrase to anyone, even support. Read more about avoiding scams here.