Gemini Earn was first available to retail customers in February 2021, offering as much as 8% interest on crypto tokens invested through the program. According to the SEC’s complaint, Gemini Earn had approximately 340,000 retail users and $900 million in assets on its platform when, in November 2022, Genesis halted withdrawals, citing “withdrawal requests which have exceeded our current liquidity.”
Sonne Finance Token Drops 60% After $20M Exploit on Optimism
The exploiters utilized a “donation” attack to manipulate certain markets offered by the platform, stealing various tokens before being interrupted....