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Winklevoss Twins Lent Their Crypto Platform Gemini $100M: Bloomberg

April 10, 2023
in Bitcoin
Reading Time: 1 min read
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The $100 million determine stands out partially as a result of that equals the quantity Gemini agreed to present a few of its clients as a part of the Genesis chapter case. Genesis, which, like CoinDesk, is owned by Digital Forex Group (DCG), froze withdrawals within the aftermath of FTX’s collapse final yr, a choice that locked up cash for patrons of Gemini’s Earn yield product. As a part of a February settlement DCG reached with collectors, Gemini stated it could contribute as much as $100 million to Earn customers.

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Tags: 100MBloombergCryptoGeminiLentPlatformTwinsWinklevoss
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