Winklevoss firm to return $1.1bn to customers

The cryptocurrency exchange founded by Cameron and Tyler Winklevoss, Gemini, has announced that it will be returning $1.1 billion to its customers. This decision comes after the exchange received a massive influx of funds from customers who were looking to cash out their holdings. The Winklevoss brothers have stated that they want to ensure that all their customers have access to their funds in a timely manner.

Gemini has been praised for its transparency and customer service in the past, and this move to return such a large amount of funds to customers is seen as another positive step for the exchange. The exchange has stated that it will be working closely with customers to ensure that the funds are returned in a secure and efficient manner.

This announcement comes at a time when many cryptocurrency exchanges are facing increased scrutiny and regulatory pressure. Gemini’s decision to return funds to customers may help to improve the image of the industry as a whole and provide reassurance to investors.

Overall, this move by Gemini is likely to be welcomed by customers and investors alike, and may set a positive example for other exchanges to follow.