Winklevoss firm to return $1.1bn to customers

According to recent reports, the cryptocurrency firm founded by the Winklevoss twins, Gemini, has announced that it will be returning $1.1 billion to its customers. This move comes after the firm was ordered to do so by regulators due to concerns over compliance and anti-money laundering practices.

Gemini has stated that they are committed to upholding the highest standards of compliance and regulatory requirements, and that they will be working diligently to ensure that all funds are returned to their rightful owners as soon as possible.

This news comes as a blow to the cryptocurrency industry, which has already been facing increased scrutiny from regulators around the world. It serves as a reminder of the importance of transparency and compliance in the fast-paced digital asset space.

Overall, this development highlights the ongoing challenges that cryptocurrency firms must navigate in order to operate successfully in a heavily regulated environment.