Greg Raab

Nine lives, eight arms, and two big brown eyes.

[Greg Raab @halfskye]

Telegram Chat for Gemini Earn users affected by @Gemini , @GenesisTrading , @DCGco freeze of customer funds:
https://t.co/XxctvfFW43

[Greg Raab @halfskye]

Having semi-recently unfollowed @elonmusk , what's the justification for getting 6 or more push notifications about his posts in less than 24 hours? I don't like to block but will that at least stop the push notifications? Not buying what you're selling. Please, Push Off.

[Secular Talk ([email protected]) @KyleKulinski]

Trump has a narrative that immigrants and Hollywood cultural elites are fucking you over and ruining the country. Democrats have zero narrative. The reality is that corporations and billionaires have bought our government to represent them and not you. That's who's screwing you over and if democrats don't say this explicitly they will continue to lose.

[Anonymous @YourAnonNews]

@elonmusk Elon the oligarch doesn't know what communism is and is using the platform he bought to undermine US democracy for his buddy Trump. We don't want a country run by corporations and elitists. We want a country run by the PEOPLE.

[NY AG James @NewYorkStateAG]

My office secured $2 billion from crypto platform @GenesisTrading for lying and cheating investors. This is the largest settlement against a crypto company in New York history.

That money will go back to defrauded investors, and Genesis is also banned from operating in New York.

[Greg Raab @halfskye]

@ramahluwalia Ram, sincerely, thank you very much for your continual coverage & analysis on this whole fraud situation w/ @DCGco @BarrySilbert @GenesisTrading when it's been so underreported, especially given the amount of money involved & the degree of fraud. Eager for court approval.

[GeminiTrustCo @GeminiTrustCo]

Earn Update: Today, we are pleased to announce that we have finally reached a settlement in principle with Genesis and other creditors in the Genesis Bankruptcy that will, if approved by the Bankruptcy Court, result in all Earn users receiving 100% of their digital assets back in kind.

This means, for example, that if you had lent one bitcoin in the Earn program, you will receive one bitcoin back as part of this settlement. And it means that you will receive any and all appreciation of your assets since you lent them into the Earn program. If approved, we will be returning over $1.8 billion in value (at today’s prices) — $700 million more than when Genesis halted withdrawals on November 16, 2022.

Looking forward, if the Bankruptcy Court approves the settlement in principle announced today, Earn users can expect to receive approximately 97% of their assets in kind within about two months. And they can expect to receive their remaining asset balance within the next 12 months.

The settlement in principle is subject to definitive documentation. The required Bankruptcy Court process could take as long as two months to complete, and we will keep Earn users informed along the way. Gemini thanks the New York Department of Financial Services (DFS) for its role in this settlement, which delivers a coin-for-coin recovery for Earn users.

Read our full update at https://t.co/89HTYDRuHR

[Crypto Watchdog @cryptowatchdoge]

"@Gemini’s public assurances to #GeminiEarn investors concerning Genesis Capital and Earn were contradicted by Gemini’s internal risk assessments. These assurances were, therefore, false, misleading, and contained material omissions."
-NYAG
#cameronwinklevoss #tylerwinklevoss

[Crypto Watchdog @cryptowatchdoge]

In 2021, @Gemini determined Genesis was a "JUNK GRADE" investment... yet didn't tell their own customers.
-NYAG
https://t.co/Uc2pYfWZmP
#geminiearn #winklevoss #cryptoscams #cryptocrimes #investorfraud

[Crypto Watchdog @cryptowatchdoge]

"Because of the risks posed by Genesis Capital’s default, beginning in May 2022, @Gemini’s team, including its President, @Cameron Winklevoss, began privately discussing whether to terminate Earn."
-NYAG
#geminiearn #winklevoss #cryptoscams

[jon s evans @jonsevans]

As crypto cratered, Gemini talked to customers about FDIC insurance https://t.co/9MCAqniOsQ
@Gemini #IKTDGAF #FRAUD

[Ram Ahluwalia CFA, Lumida @ramahluwalia]

Genesis / DCG looks like a modern day Enron.

And the NYAG is going after them

Can’t wait for the mini-series to come out 🍿

[NY AG James @NewYorkStateAG]

After we filed our lawsuit against @DCGco and @GenesisTrading over their crypto fraud, more victims came forward to report significant losses.

Today, we expanded our lawsuit against these crypto companies for defrauding hundreds of thousands of people out of over $3 billion.

[Crypto Watchdog @cryptowatchdoge]

Hey @DCGco and @gemini employees: Attorney General James encourages workers in the cryptocurrency industry who may have witnessed misconduct or fraud to file an online whistleblower complaint with her office, which can be done anonymously. https://t.co/uSDgU0JhJG

[Gemini Earn Victims @GeminiEarnVctms]

Just a reminder that it's been 446 days since 200,000+ #GeminiEarn customers lost access to their life savings because of the stupidity and greed of @tyler @cameron @Gemini.
Since Nov 2022:
Bitcoin 160%
Nvidia 300%+
S&P 500 25%
What's the lost opportunity cost?

[Greg Raab @halfskye]

@mexigreekmom74 @uffal @BlindMike_ @marknorm @TuesdayStories Yeah I guess we're pretending like the next Andy Kaufman style of humor is pretending there's a terror attack happening...

[Vijay Boyapati @real_vijay]

19/ This story is part of a much bigger fraud that significantly affected markets in 2022. It's a story every bit as big and important as Sam Bankman-Fried's fraud. Regulators and law enforcement need to step in to unravel the mess that has been created by @BarrySilbert and DCG.

[Vijay Boyapati @real_vijay]

5/ At about the same time as this act of financial chicanery was taking place, DCG began draining the remaining capital out of Genesis. It took out a massive loan of 18,697 Bitcoins from Genesis, knowing full well its child company was insolvent.

[Vijay Boyapati @real_vijay]

1/ On January 5th, 2024, @DCGco (and @BarrySilbert) triumphantly announced it had *finally* paid off a loan due in May 2023 to its child company Genesis (now in bankruptcy).

This announcement follows a pattern of deception used by Barry and DCG for over a year.

Thread time 🧵

[Gabor Gurbacs @gaborgurbacs]

@BarrySilbert Are you paying back Genesis creditors? lol

[Ram Ahluwalia CFA, Lumida @ramahluwalia]

10/ I expect Earn will be made whole ultimately both thru this process and the action Gemini is pursuing against DCG.

And don't forget the NYAG and the SEC are on this as well.

So long as Digital Assets hold up in value, I expect Earn will be made whole.