Winklevoss crypto firm Gemini to return $1.1bn to customers

Cryptocurrency exchange Gemini has agreed to return at least $1.1bn (£870m) to customers of its defunct lending programme as part of a settlement with the New York Department of Financial Services (NYDFS).

The company will also pay a $37m fine for "significant failures".

Gemini's Earn programme was halted during a crypto crash in November 2022.

The exchange was co-founded by twins Tyler and Cameron Winklevoss -

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