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Gemini/IRA Financial Data Breach and Theft of Crypto

By John DiGiacomo

On February 8, 2022, IRA Financial was subject to a security breach that has resulted in the alleged loss of approximately $36 million in cryptocurrency assets. For many users, these assets constitute retirement savings that were invested with IRA Financial through the Gemini cryptocurrency exchange. IRA Financial has stated that it is monitoring the stolen cryptocurrency, which appears to passing through the Tornado “mixer” service in an attempt to launder it.

The attorneys at Revision Legal have helped a number of individuals recover stolen cryptocurrency, and we are watching this situation as it develops. If you are a victim of this hack/data theft, you may contact one of our cryptocurrency attorneys at 231-714-0100 for a free consultation.

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