Gemini Earn Balance Scam: Is Gemini A Scam?

If you are an active social media user, you must have heard about a Gemini Earn Balance Scam. If any case you are unaware, you are required to read the article for more details and information about the same. Follow us around for all the valuable insights and fresh updates. According to our relevant sources, Gemini is a reputed financial firm or institution in the United States that provides several financial solutions, including credit cards, crypto exchange, staking, and much more.

Gemini Earn Balance Scam

Gemini Earn Balance Scam

Currently, Gemini is working with its partners in order to resolve the redemption requirements of its Gemini Earn program viewers and customers. However, Gemini had partnered with Genesis Global Capital LLC in order to provide services of the Gemini Earn program. According to reports, on November 16, 2022, Genesis claimed that it would not be able to meet customers’ requests within the service level contract of five busy days.

Gemini Earn Balance Scam

Furthermore, Genesis filed a case for bankruptcy and as a response, Gemini filed a Master Claim on behalf of its Earn program customers. In between the situation, people are unaware that their investment is blocked due to the Genesis bankruptcy issue and the scammers plan to loot Gemini Earn consumers. As far as Gemini Earn balance is concerned, it is a result of the pending master claim and the consumer’s pending balance sheds light on digital assets without their real market value. However, Gemini’s other financial services and products remain unaffected. Scammers wanted to receive access to the personal and payment information of the customers via a text message that contained organic third-party website links.

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Read further to know about the details about the Gemini Earn Text Message. Reportedly, a prior alert was posted approximately a month ago about the scamming message on the social media platform, Reddit. Evidently, the message stated that the Earn Balance is available for withdrawal in GUSD. The customers must visit geminipayout.com in order to claim the amount. As the trend continued, there were hundreds of people who began receiving similar text messages from 74409 but containing a varied third-party and organic website link, yourgeminiclaims.net but currently, it is not accessible and shows a 403 error.

Furthermore, a Reddit user shared information about a third message that comprised a link for Geminilearns.net and stated that the third-party website requested the user to link the digital wallet with it. When the scam was sensed, the user did not provide information and reported the text message on September 18, 2023. The Gemini Earn Balance scam, in turn, developed a sense of excitement among the users whose investments were being blocked. Evidently, the scam took advantage of customers’ fear and the situation created after Genesis filed for bankruptcy in 2022. Thank you for being a patient reader.

Shreya Gupta

Contract Specialist with 3 years of experience in end-to-end Contract Lifecycle Management for clients with global and domestic operations.

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