Reportedly, the Winklevoss twins, co-founders of the US-based cryptocurrency exchange Gemini, have loaned $100 million of their personal money to the company after attempts to secure funding from external investors failed during the recent crypto market decline. This news comes as regulators scrutinize Gemini’s activities, with the US Securities and Exchange Commission charging the exchange, along with Genesis Global Capital, with offering unregistered securities through the Earn program in January.
Gemini is also under investigation by New York’s Department of Financial Services, following allegations that assets in users’ Earn accounts had FDIC protection. Gemini has not yet commented on the reported loan.
