Is Gemini Filing for Bankruptcy? Phishing Email Spreads Panic

Is Gemini Filing for Bankruptcy? Phishing Email Spreads Panic


A warning is making the rounds in the crypto community as scam emails claiming that Gemini has filed for bankruptcy are being sent out. The fraudulent message urges recipients to protect their funds by withdrawing to an “Exodus wallet,” even providing a fake seed phrase to trick users.

Red Flags to Watch Out For:

The scam email, which appears to come from a suspicious address, falsely claims that a security breach in late 2024 compromised $1.2 billion in cold storage reserves. It falsely states that, due to operational and regulatory hurdles, Gemini is filing for bankruptcy protection.

“We are writing to inform you that, as of March 31, 202%, Gemini Trust Company, LLC has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court. This step follows a significant financial setback caused by a security broach at a third-party custodial service we relied on, resulting in substantial losses. We regret the impact this has on our users and are committed to helping you secure your assets during this process,” the fake email read.

bybit

Many people have reported receiving similar emails, causing panic and confusion—just in time for April 1st, making it feel like an elaborate April Fools’ joke. But this isn’t a joke. It’s a scam designed to steal your crypto.

Crypto experts and community members are urging everyone to stay calm, double-check any communications from official sources, and never click on links or provide personal information in suspicious emails.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

XLM Stellar
Fiverr
XLM Stellar
Is Gemini Filing for Bankruptcy? Phishing Email Spreads Panic
bybit
Changelly
Moca Foundation to Launch Blockchain Focused on Digital Identity
Everything You Need to Know About Off The Grid
bitcoin wallet for self custody
Everything You Need to Know About Finalbosu
best nfts july 2025
Everything You Need to Know About Azuki Elementals
bitcoin
ethereum
bnb
xrp
cardano
solana
dogecoin
polkadot
shiba-inu
dai
Paxful
Bitcoin consolidates below $120K; Analysts say Ethereum flows will guide next market move
Monero 'Economic Attack' Saw Strong Community Response
bitcoin
How to Buy a Home in Dubai with Crypto: 2025 Guide
Bitcoin consolidates below $120K; Analysts say Ethereum flows will guide next market move
Monero 'Economic Attack' Saw Strong Community Response
bitcoin
How to Buy a Home in Dubai with Crypto: 2025 Guide
bitcoin
ethereum
xrp
tether
bnb
solana
usd-coin
dogecoin
staked-ether
tron
bitcoin
ethereum
xrp
tether
bnb
solana
usd-coin
dogecoin
staked-ether
tron