Winklevoss firm to return $1.1bn to customers

According to recent reports, the Winklevoss twins’ cryptocurrency firm, Gemini, has announced that it will be returning $1.1 billion to its customers. This move comes after the firm reached a settlement with regulators over allegations of misleading customers and operating without proper licenses.

Gemini has stated that it will be returning the funds to customers who were affected by the firm’s actions, and will also be implementing new measures to ensure compliance with regulations in the future.

This news is seen as a positive step towards rebuilding trust in the cryptocurrency industry, which has faced increased scrutiny in recent years. It also serves as a reminder of the importance of transparency and regulation in the rapidly evolving world of digital assets.