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Date Posted: 9:03:40 12/30/22 Fri
Author: Jasper
Subject: More crypto fallout

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Winklevoss twins sued by Gemini investors over $900M crypto crisis

Gemini is scrambling to recover $900 million in customer funds held by its lending partner on the interest-bearing accounts, Genesis, which faced a liquidity crisis due to what it described as “unprecedented market turmoil” related to FTX’s collapse.

Gemini “refused to honor any further investor redemptions, effectively wiping out all investors who still had holdings in the program,” according to the lawsuit filed on Tuesday.

https://nypost.com/2022/12/29/winklevoss-twins-sued-by-gemini-investors-over-900m-crypto-crisis/

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