Gemini Exchange Settles $1.1 Billion with NY Regulator – Customers Set to Reap Huge Benefits!
Singapore – Cryptocurrency exchange Gemini Trust, founded by twins Cameron and Tyler Winklevoss, has reached a settlement with a New York regulator to refund at least $1.1 billion to customers of its defunct lending program. Along with the refund, Gemini will pay a $37 million fine for what the New York Department of Financial Services (NYDFS) deemed as “significant failures” jeopardizing the company’s stability. The NYDFS reserves the right to take further action against Gemini …