You cannot file a traditional lawsuit against Gemini, as most disputes are settled through arbitration instead. Talk with a securities attorney if you want to file a lawsuit against Gemini. At this point, your lawyer can teach you about your legal options.
Trust a nationwide securities lawyer with Gemini case experience to serve as your legal representation. Your attorney will evaluate your case and let you know if you have grounds for requesting money from Gemini. If you decide to seek compensation from Gemini, your attorney will guide you through the legal process.
When Can I File a Lawsuit Against Gemini?
You may be able to proceed with arbitration if you are the victim of a Gemini account hack and have funds stolen from you as a result. In this instance, it helps to have a securities attorney who understands the nuances of Gemini arbitration on your side.
Work with a lawyer who has received many positive client reviews. Initially, your attorney asks you questions and learns about your Gemini case. From here, they can determine if arbitration is a viable option based on your specific circumstances.
Throughout your case proceedings, your attorney addresses your legal concerns and questions. On top of that, they gather evidence to support your case and make sure you are well-equipped to get fair compensation from Gemini for your financial losses.
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How Can I Sue Gemini?
Contact Gemini immediately if you believe you are the victim of an account hack related to SIM swapping or other malicious activities. Once you submit a complaint to Gemini, the cryptocurrency exchange will take a look at the information you have provided. Gemini may reach out to you for additional information and attempt to resolve the issue.
Gemini’s user agreement contains an arbitration clause. If you utilize Gemini, you agree to settle your dispute via binding individual arbitration. As such, if your Gemini account has been hacked and you lose money, you don’t have the right to have a judge or jury settle your dispute.
Unfortunately, if you have agreed to Gemini’s terms and conditions, you cannot participate in collective action. This means you are ineligible to pursue compensation from the crypto exchange via a class action, class arbitration, or representative action.
How Much Money Can I Get from Gemini if My Account Has Been Hacked?
What you receive in compensation if your Gemini account has been hacked and money has been stolen from it depends on your case. Several factors can determine whether the crypto exchange compensates you for your economic losses, such as:
Security Responsibility
You are responsible for securing your Gemini login credentials or authentication methods. To get your desired Gemini case results, you must prove that the crypto exchange acted negligently, resulting in your account hack and losses.
Insurance Coverage
Gemini may have insurance that covers certain types of losses for the cryptocurrency it holds on your behalf in its online hot wallet. However, this insurance may not cover losses relating to unauthorized access to your account.
Custody Accounts
Gemini Custody accounts provide you with secure, institutional-grade storage for your digital assets. If you have Gemini Custody accounts, fall victim to a data breach, and have money taken from them, you may recover what you lost at the time of the incident.
Consult with securities lawyers if you are unsure of how much your case against Gemini is worth. Your attorneys will calculate your losses and provide tips to put you in a position to prove to one or more arbitrators that you deserve compensation.
Our lawyers are nationwide leaders in investment fraud cases.
Tips to Help You if You Want to File a Lawsuit Against Gemini
Don’t wait to submit your complaint to Gemini. At the first sign of an account hack and money taken from your Gemini account, contact the cryptocurrency exchange. Keep track of your communications regarding your complaint, as these can serve as evidence if your case goes to arbitration.
Examine Gemini’s user agreement with a lawyer. Along with sharing ways to protect your cryptocurrency from fraud and hacking moving forward, your attorney can walk you through each stage of the arbitration process.
Utilize your transaction records, correspondence with Gemini, bank statements, and other evidence in your case. Furthermore, blockchain analysis may help you trace your transactions and uncover fraudulent Gemini account activity.
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Get Legal Help if You Are Considering Filing a Gemini Lawsuit
You are concerned about what will happen if you submit a complaint to Gemini after your account was hacked. Meet with a securities lawyer about your case. Your attorney will explain why arbitration may be necessary in lieu of a lawsuit to get money from Gemini for your financial losses.
Meyer Wilson Werning has recovered more than $350 million in compensation for clients who have lost money due to the negligence of a financial advisor or broker. Our team will give your Gemini case our full attention.
Our securities lawyers can assist you if your Gemini account was hacked, you lost hundreds of thousands of dollars during this incident, and the crypto exchange is responsible. Contact us today for more information.
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