Gemini sold investors a bold vision. A global crypto platform. Expanding users. Expanding markets. Real growth.

But key risks weren’t disclosed.

In September 2025, Gemini went public, raising nearly $400 million and highlighting plans to grow its core exchange and expand internationally. By November, executives were still emphasizing global expansion and user growth. Then in December, they introduced a new initiative: prediction markets.

And in February 2026, everything flipped.

Gemini announced a major shift in its business. It slashed about 25% of its workforce. It exited major international markets. Then several top executives departed.

Investors were blindsided. The stock fell sharply. Confidence collapsed.

Now, more investors are joining the lawsuit.