Winklevoss Faithful Have a $700 Million Problem in Genesis Halt

  • Genesis suspends withdrawals in aftermath of FTX’s collapse
  • Customers of Gemini Earn, a big Genesis lender, left in limbo
WATCH: The Gemini crypto exchange, owned by the billionaire Winklevoss twins, is not being spared in the FTX fallout. Suvashree Ghosh reports.Source: Bloomberg
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The billionaire Winklevoss twins, owners of the Gemini crypto exchange, have always portrayed themselves as the grownups in the room. The ones who ordinary investors could trust.

None of that is sparing a chunk of Gemini’s customers from the fallout triggered by FTX’s collapse, which risks taking down a big swath of the industry.