{"id":24566,"date":"2023-01-13T20:06:46","date_gmt":"2023-01-13T20:06:46","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=24566"},"modified":"2023-01-13T20:12:03","modified_gmt":"2023-01-13T20:12:03","slug":"sec-sues-genesis-and-gemini-genesis-owes-3-billion-to-creditors","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2023\/01\/13\/sec-sues-genesis-and-gemini-genesis-owes-3-billion-to-creditors\/","title":{"rendered":"SEC sues Genesis and Gemini, Genesis owes $3 billion to creditors"},"content":{"rendered":"<p>We posted on Gemini and Genesis&#8217; bitter catfight yesterday just after 4:25 pm UTC. A few hours later, the SEC charged Gemini and Genesis with offering unregistered securities in the form of Gemini Earn! It&#8217;s Amy&#8217;s turn, so the post is over on her blog. [<a href=\"https:\/\/amycastor.com\/2023\/01\/13\/sec-sues-genesis-and-gemini-genesis-owes-3-billion-to-creditors\/\"><em>Amy Castor<\/em><\/a>]<\/p>\n<p>The fun part: Gemini made only $2.7 million from the deal \u2014 but they could be the one on the hook for paying back most of the $900 million of customers&#8217; bitcoins, as the one of these two companies who is still solvent.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2023\/01\/13\/sec-sues-genesis-and-gemini-genesis-owes-3-billion-to-creditors\/winklevoss-live\/\" rel=\"attachment wp-att-24567\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-24567\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/01\/winklevoss-live.jpg\" alt=\"\" width=\"510\" height=\"315\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/01\/winklevoss-live.jpg 680w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/01\/winklevoss-live-300x185.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/01\/winklevoss-live-348x215.jpg 348w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/a><\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Don&#8217;t stop believin&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":24567,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[460,2031,652,2890,33],"class_list":["post-24566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-amy-castor","tag-dcg","tag-gemini","tag-genesis","tag-sec"],"jetpack_featured_media_url":"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2023\/01\/winklevoss-live.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/24566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=24566"}],"version-history":[{"count":7,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/24566\/revisions"}],"predecessor-version":[{"id":24574,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/24566\/revisions\/24574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media\/24567"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=24566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=24566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=24566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}