Gemini reached a settlement with IRA Financial Trust over the 36 million dollar breach. In a July 18 filing in the U.S. District Court for the Southern District of New York, Judge Analisa Torres dismissed the lawsuit filed by IRA Financial Trust because the company and Gemini Trust said they had reached a settlement. The lawsuit, originally filed by the IRA in June 2022, accused Gemini of misrepresenting security protections.