Gemini Cryptocurrency Exchange Submits Formal Notification of Data Breach by External Party | Console and Associates, P.C.

A known data security incident resulted in the unauthorized disclosure of personal data belonging to some Gemini Trust Company, LLC users. This event took place at an associated banking entity utilized by Gemini, as reported to the California Attorney General on July 24, 2024. The breach enabled an unauthorized entity to access personal details of consumers, including but not limited to names and banking account details. Following the completion of its investigation into the matter, Gemini sent out notifications to affected parties regarding the breach.

It is crucial that recipients of Gemini Trust Company’s data breach notification are informed of the risks involved and the measures that can be taken.




Consulting a lawyer specializing in data breaches might provide you with further insight into preventing fraud or identity theft, as well as an understanding of your legal avenues in the aftermath of the Gemini data breach incident. Additional resources can be found in our detailed article








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Origins of the Gemini Data Security Breach

While comprehensive details about the Gemini Trust Company data breach are pending, preliminary information has been disclosed via the statement to the California Attorney General. Gemini partners with a third-party bank to manage certain functions, which apparently led to the exposure.

The bank in question alerted Gemini to a compromise that potentially revealed customer data through unauthorized system access. An intruder accessed an internal system of the bank between June 3 and June 7, 2024, during which certain customer information became vulnerable. Gemini, upon being notified, undertook an immediate review to ascertain the scope and nature of the compromised data and to identify the customers impacted.

On July 24, 2024, Gemini forwarded communications to the individuals whose data had been exposed during this security incident. They were informed about the specific details pertaining to their compromised information.

About Gemini Trust Company, LLC

Established in 2014 with its main office located in New York, NY, Gemini Trust Company, LLC is in the business of cryptocurrency exchange and additionally provides a bank for digital assets, along with various other related services, such as trading and derivative offerings. The company is notable for developing its proprietary digital currency. Gemini Trust Company boasts an employee strength upwards of 900 and reports revenues nearing $189 million annually.