Winklevoss Twins’ Gemini Crypto Exchange Swings After Layoffs, Losses, Earnings

Since going all-in on Bitcoin over a decade ago, Tyler and Cameron Winklevoss have had their share of ups and downs. But these days, it seems that issues surrounding the billionaire twins’ Gemini crypto exchange just keep piling up.

SEC sues Gemini as regulators crack down on industry. The exchange’s market share has shrunk relative to rivals even as crypto prices have rebounded. A bank partner wants to break up. And now this month, a crucial loan due date – which, if repaid by the bankrupt lending partner’s parent company, could help hundreds of thousands of Gemini customers recover some of the $900 million worth of crypto deposits trapped in the defunct Earn product – have come and gone while the negotiations on a resolution drag on.