The Winklevoss brothers are among the crypto pioneers. Gemini Tyler (41) and Cameron (41) are the first investors to become billionaires with Bitcoin and Co. But now they’re in trouble after the FTX bankruptcy of Sam Bankman-Fried (30).
Tyler and Cameron Winklevoss are being sued by users of crypto platforms Gemini. The allegations are harsh: fraud and violations of US securities law. According to the indictment quoted by the US media, the crypto exchange will no longer make any payments.
ignorant of risks
But that’s not all: it is said that the financial product does not have proper approval and investors are not adequately informed about any risks. On the other hand, the promises in the flashy prospectuses were clear: 8 percent savings interest on invested crypto assets. This should actually make investors suspicious.
Investors now have their salad: Genesis is said to owe customers $900 million. Investors have not received their money since the payments were frozen in November. A rescue plan on December 20 failed to placate them. Hence class action.
He won his lawsuit against Zuckerberg.
The Winklevoss twins studied at Harvard and Oxford. In 2008, they participated in the Olympic Games in Beijing as a rudderless double rower.
In 2011, they won a sensational lawsuit against Facebook founder Mark Zuckerberg, 38. He stole your ideas, so don’t blame it. They eventually agreed to pay Zuckerberg $65 million. And now sit on the dock. (be)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
