Winklevoss-led Gemini agrees to return over $1 billion to customers in deal with N.Y. regulator that includes $37 million fine
The New York Department of Financial Services on Wednesday announced a settlement with Gemini, the crypto firm founded by the Winklevoss twins, related to its product Gemini Earn.
As part of the consent order, Gemini agreed to pay a fine of $37 million, as well as a full restoration of the funds owed to customers of Earn, a sum of more than $1 billion.
The agreement is the latest blow to Gemini, which is also facing lawsuits from New York’s attorney general and the Securities and Exchange Commis...
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