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      • Now their firm has been charged by the United States Securities and Exchange Commission (SEC). The SEC hit the twins’ cryptocurrency exchange Gemini with charges of securities violations on Thursday due to its Gemini Earn program, which promised a return to customers who deposited their crypto holdings.
      decrypt.co › 119217 › brief-crypto-history-winklevoss-twins-bitcoin-billionaires
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  2. Apr 24, 2021 · The Winklevoss twins have held on to their Bitcoin through the highs and lows. According to media reports, the only time they sold any Bitcoin was to set up Gemini.

  3. Feb 29, 2024 · The bitcoin billionaire Winklevoss twins have to give $1.1 billion back to crypto customers It's part of a Gemini settlement with the New York State Department of Financial Services

  4. Dec 1, 2023 · Last month, New York Attorney General Letitia James sued the Winklevosses’ exchange, claiming that it defrauded 290,000 people out of $1.1 billion worth of crypto.

    • Founding Gemini
    • Gemini vs. Genesis
    • Sec Charges

    The Winklevoss twins received some $65 million in cash and Facebook stock in the 2008 settlement over the creation of the social media giant. After establishing family office Winklevoss Capital in 2012, the brothers began amassing large amounts of Bitcoin. The twins owned as much as 1% of the circulating supplyof the leading cryptocurrency as of No...

    A fresh wave of crypto industry turmoil sparked Gemini’s recent troubles, kick-started by the early November collapse of crypto exchange FTXand sister trading firm Alameda Research. Soon after, Genesis announced that it would suspend customer withdrawalsfrom its lending arm due to the “FTX impact,” citing “unprecedented market turmoil” in being una...

    That situation remains unresolved as of this writing, but now both Gemini and Genesis both face a new hurdle in the form of the SEC charges related to Gemini Earn. The agency alleges that the firms sold unregistered securities to customers, raising billions of dollars’ worth of crypto in the process from hundreds of thousands of users. "We allege t...

  5. Dec 19, 2017 · Many bitcoin aficionados are expecting a major correction to the recent spike in its value, which has gone from $1,000 for one coin at the beginning of the year to around $18,500 on Tuesday.

  6. May 20, 2022 · The Winklevoss twins have a combined fortune of $6.4 billion, according to the Bloomberg Billionaires Index. They co-founded Gemini and are thought to be among the largest holders of Bitcoin,...

  7. 6 days ago · The Winklevoss twins: Early Bitcoin billionaires. The Winklevoss Twins’ participation in digital asset markets showed traditional investors that cryptocurrency and blockchain technology are investments worth considering. Cameron and Tyler Winklevoss were among the first big investors in Bitcoin, which gave them a solid foothold in the industry.

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