Gemini Investors Furious — Lawsuit Claims IPO 'Sold a False Story' Before 80% Crash
Yahoo Finance·2026-03-20 14:17
Key Takeaways A class-action lawsuit was filed that accuses Gemini and the Winklevoss twins of misleading IPO disclosures about growth and risks. Gemini’s Sept 2025 IPO promised steady global expansion and compliance edge but was followed by layoffs, market exits, and massive losses. The crypto IPO wave cooled in 2026; Kraken and others delayed listings as prices fell and volumes dropped. Investors who bought into the Winklevoss twins’ crypto exchange are livid after a fresh class-action lawsuit ac ...