A legal arbitrator has ruled that cryptocurrency exchange Gemini (NASDAQ: $GEMI) cannot be held liable for the collapse of its Earn lending program.
Specifically, the arbitrator in the case said that Gemini, led by twin brothers Tyler and Cameron Winklevoss, did not mislead users and was not at fault for the failure of Earn lending.
The legal claim was filed by investors in 2024 following the lending program's collapse. The arbitrator found insufficient evidence that Gemini lied to customers or failed to do due diligence.
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