Gemini Earn Balance Scam: Is Gemini A Scam?

If you’re active on social media, you might have heard about the Gemini Earn Balance Scam. If you’re not sure what this is all about, don’t worry; we’re here to give you the scoop. Stay with us to get all the important info you need. According to reliable sources, Gemini is a well-known financial company in the United States that offers various financial services like credit cards, cryptocurrency exchange, staking, and more.

Gemini’s Partnership Trouble

Gemini is currently working with its partners to fix some issues with their Gemini Earn program. They had joined hands with Genesis Global Capital LLC to provide services for the Gemini Earn program. However, it seems things haven’t gone as smoothly as expected. On November 16, 2022, Genesis stated that they couldn’t meet their customers’ requests within the agreed-upon five business days.

This situation led to Genesis filing for bankruptcy, and in response, Gemini filed a Master Claim on behalf of its Earn program customers. Sadly, many people are unaware that their investments are now in jeopardy because of Genesis’ bankruptcy, and scammers are trying to take advantage of Gemini Earn consumers. The Earn balance that users have is connected to the pending master claim, and it represents digital assets without their actual market value. It’s important to note that Gemini’s other financial services and products are not affected by this issue.

Scammers’ Devious Plan

The scammers had a plan to get their hands on customers’ personal and payment information. They did this through text messages containing links to third-party websites. These messages were designed to look like they came from Gemini.

The Gemini Earn Text Message Scam

A warning about this scam appeared on social media, particularly Reddit, about a month ago. The message claimed that users could withdraw their Earn Balance in GUSD and directed them to visit geminipayout.com to claim their funds. As this trend continued, more and more people received similar text messages from the number 7440However, these messages contained different third-party website links. One of them was yourgeminiclaims.net, but now, it’s not accessible and shows a 403 error.

A Reddit User’s Experience

One Reddit user shared their experience with a third message that contained a link to Geminilearns.net. This third-party website asked the user to link their digital wallet with it. Fortunately, the user sensed something was off and didn’t provide any information. Instead, they reported the text message on September 18, 2023.

Scammers Thrive on Fear

The Gemini Earn Balance scam has caused a lot of anxiety among users whose investments are at risk. The scammers prey on people’s fears, taking advantage of the situation created after Genesis filed for bankruptcy in 202It’s essential to stay vigilant and cautious when you receive unexpected messages or requests for personal information.

My Final Opinion, while Gemini is a reputable financial institution, it’s essential to be aware of potential scams, like the Gemini Earn Balance Scam. Stay informed and protect your personal and financial information from fraudsters looking to take advantage of the situation. Thank you for taking the time to read this important information.

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