Gemini's Q2 Results Hit by Credit Card Identity Fraud

Crypto exchange Gemini's second-quarter (2Q) results were weighed down by credit card identity fraud, according to a recent report. The Information reported that Gemini suffered significant losses due to the issue.

The exact amount of losses was not specified in the report. However, it is clear that the problem had a significant impact on Gemini's performance during the quarter.

Gemini has implemented measures to address the issue and prevent similar problems in the future. The exchange has been working with law enforcement agencies to track down perpetrators and recover stolen funds.