The IRA Financial Trust platform has sued Gemini cryptocurrency exchange. The company believes the Winklevoss brothers’ site was responsible for stealing funds from their retirement savings accounts in February.

The lawsuit alleges that the exchange did not have adequate security measures to protect customers’ assets.

The IRA Financial Trust also noted that Gemini was unable to freeze accounts immediately after the incident. This allowed the attacker to transfer funds from client accounts on the exchange, even after the company reported the site of the attack, according to the IRA Financial Trust.

Second, he pointed to Gemini’s lack of transparency regarding its cybersecurity protocols. He states that the platform’s API was “designed with a single point of failure.”

Recall that the attacker pulled assets from retirement savings accounts managed by the IRA Financial Trust into Gemini in February. Damage is estimated at $36 million.

Exchange representatives denied that the system was compromised and said they were ready to assist with the investigation of the incident.

Later, the media learned that employees of the IRA Financial Trust were not at the scene during the theft of funds due to a false call to the police.

In June, the US Commodity Futures Trading Commission sued Gemini. According to the lawsuit, the company “misled the regulator by answering questions about a futures contract pegged to the bitcoin price on the platform.”