IRA Financial, Gemini may compel arbitration of breach claims

Gemini Trust Co. and IRA Financial Trust Co. may force arbitration of claims filed by consumers who say the companies were negligent in securing their retirement accounts, leading to the theft of $36 million in cryptocurrency during a data breach on 2022, according to a federal judge. .

Both IRA Financial, a South Dakota trust company that offers self-directed retirement accounts, and Gemini, a cryptocurrency exchange that partners with IRAs, blame the other company for the February breach, which also compromised names, Social Security numbers and financial accounts. of affected customers.

Marshall Griffin, who claims he lost two Bitcoin…


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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!