Gemini, a cryptocurrency exchange, has agreed with the New York Department of Financial Services (NYDFS) to reimburse customers of its discontinued lending program with at least $1.1 billion. Additionally, the company will pay a fine of $37 million for what regulators described as significant failures. Settlement with NYDFS Geminis Earn program was halted amidst a cryptocurrency market crash in November 2022. The exchange, co-founded by twins Tyler and Cameron Winklevoss, was embroiled in controversy as the NYDFS accused it of negligence in vetting a third-party entity, Genesis...
source: https://tokenpost.com/Winklevoss-Twins-Gemini-to-Pay-11-Billion-to-Customers-After-NYDFS-Settlement-11334
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