“Along with Gemini’s failures associated to Earn, the Division’s investigation revealed that Gemini engaged in unsafe and unsound practices that finally threatened the monetary well being of the corporate,” the press launch mentioned. “Gemini Liquidity LLC, an unregulated affiliate, collected lots of of thousands and thousands of {dollars} in charges from Gemini clients that in any other case might have gone to Gemini, considerably weakening Gemini’s monetary situation.”
