If you purchased or acquired GYEN when it was unpegged from the Japanese yen and lost money, you may be included in a $6,750,000 class action settlement.
This settlement covers eligible purchases made between December 29, 2020 and October 10, 2025 in New York or California.
What happened?
This case is Donovan v. GMO-Z.com Trust Company, Inc. The lawsuit alleges that GMO-Z.com Trust Company:
- Failed to provide accurate disclosures about GYEN’s stability
- Allowed GYEN to become unpegged from the Japanese yen
- Caused financial losses for some purchasers during that period
Who is eligible?
You may be a class member if you:
- Purchased or acquired GYEN
- Did so in New York or California
- Bought or held it during a time it was unpegged from the Japanese yen
- Did so between Dec. 29, 2020 and Oct. 10, 2025
- Lost money as a result
Important note: Your payout will depend on transaction history, timing, and losses calculated under the court-approved formula.
How much money can you get?
There is a $6,750,000 settlement fund, and payments are calculated individually.
Your payout depends on:
- How much GYEN you bought
- When you bought or sold it
- The price at each transaction
- Your total recognized losses under the court plan
Key payout rules:
- Payments are based on a pro rata (shared) distribution
- Only claims resulting in $10 or more will receive payment
- Final amounts vary widely depending on trading activity
Your options
| Option | What it means | Deadline |
|---|---|---|
| Submit a Claim | Try to get paid from the settlement fund | June 5, 2026 |
| Exclude Yourself (Opt Out) | Get no payment, but keep your right to sue separately | April 30, 2026 |
| Object | Tell the Court you disagree with the settlement terms | April 30, 2026 |
| Do Nothing | You may give up payment rights depending on your eligibility review | After deadlines |
How to file a claim?
You can submit a claim in two ways:
Option 1: Online claim
- Go to the official settlement website
- Log in using your Login ID and PIN (found on your notice)
Option 2: Mail-in claim
Send your completed form to:
GYEN Class Action Settlement
Claims Administrator
P.O. Box 25229
Santa Ana, CA 92799
Depending on your claim type, you may need:
- Login ID & PIN (if you received a notice)
- GYEN transaction records (if requested)
- Wallet or exchange ownership proof
- Purchase/sale history between Dec. 29, 2020 – Oct. 10, 2025
- Supporting documentation for losses
If you traded GYEN in NY or California during the affected period, this settlement may apply to you—and filing a claim is the only way to potentially receive money.
Even small trading losses could qualify.
