Winklevoss forced to lend $100M to Gemini: Bloomberg

According to Bloombergthe Winklevoss twins have lent 100 million dollars to their cryptocurrency exchange platform after unsuccessfully trying to to raise funds.

Impacted by the crypto winter and the problems faced by Genesis following the FTX bankruptcy but also being sued by the SEC, Gemini had a difficult last months.

According to people close to the case quoted by Bloombergthe founders of the stock exchange, Tyler and Cameron Winklevosswere forced to to lend personal funds to Gemini as the company’s attempt to raise capital stalled.

The billionaire twins thus granted a loan of 100 million dollars to the platform, according to sources.

Earlier this year, Gemini and Genesiswho have been arguing for several months on social networks, have finally reached an agreement. The loan of Winklevoss to Gemini would not however be related to this story but more to the gloom in the crypto industry.

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