IRA Biz Blames Winklevoss-Run Gemini In $36M Crypto Theft – Law360


By Gina Kim (June 6, 2022, 10:32 PM EDT) — Self-directed retirement and pension account provider IRA Financial Trust sued the popular cryptocurrency exchange Gemini Trust in New York federal court Monday over a February cyberattack that resulted in at least $36 million worth of crypto assets being stolen from IRA customers’ individual retirement accounts. 

New York-based Gemini was founded by Tyler and Cameron Winklevoss, the billionaire twins who, before they got into cryptocurrency, famously accused Mark Zuckerberg of ripping off their idea for a social media site when he launched Facebook.

IRA alleged in its complaint Monday that Gemini did not have appropriate security protections in place to safeguard customers’ crypto assets and…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Shopping Cart