Is Gemini Filing for Bankruptcy?

Krutika Adani

The Scam Email

  • Fraudulent emails claiming Gemini filed for bankruptcy

  • Urging recipients to protect funds by withdrawing to a fake “Exodus wallet”

  • Includes a fake seed phrase to trick users

Red Flags to Watch Out For

  • Suspicious email addresses

  • False claims of a $1.2 billion loss due to a security breach

  • Fake notice about Gemini filing for Chapter 11 bankruptcy protection

Why It’s Not a Joke

  • The scam comes just in time for April 1st, causing confusion

  • Designed to steal crypto, not a prank

  • Panic among the crypto community due to the timing

Protect Your Crypto

  • Double-check emails from official sources

  • Stay calm and informed, and verify information before taking any action

Learn more