Gemini Hit with Lawsuit Over IPO Disclosures

2026-03-23

Gemini faces a class-action lawsuit filed in New York, alleging the firm misled investors about its business strategy before and after its 2025 IPO. Shares debuted at $32 in September 2025 and have since fallen over 80% to approximately $6. The combination of the stock's collapse and a securities lawsuit raises questions about disclosure standards for crypto-native firms pursuing public listings.