As they say in trading, timing is everything...
"Cameron and Tyler Winklevoss secretly withdrew more than $280 million held by their crypto company’s bank — mere months before the firm’s collapse left the twins’ customers unable to access their deposits, The Post has learned.
The twins are cofounders of Gemini, a once-rising digital currency exchange that has been plagued this year by layoffs and plunging trading volume.
Some $900 million in Gemini customer deposits were frozen last Nov. 16, after Genesis was exposed to the meltdown of disgraced Sam Bankman-Fried’s FTX empire and forced to suspend withdrawals.
It is unclear if the withdrawn funds were Gemini corporate assets or from the Winklevoss twins’ personal crypto stash.
Notably, the sum did not include any Gemini customer funds."
https://nypost.com/2023/09/27/winkl...emini-assets-before-genesis-collapse-sources/
[long article but worth to read it]
"Cameron and Tyler Winklevoss secretly withdrew more than $280 million held by their crypto company’s bank — mere months before the firm’s collapse left the twins’ customers unable to access their deposits, The Post has learned.
The twins are cofounders of Gemini, a once-rising digital currency exchange that has been plagued this year by layoffs and plunging trading volume.
Some $900 million in Gemini customer deposits were frozen last Nov. 16, after Genesis was exposed to the meltdown of disgraced Sam Bankman-Fried’s FTX empire and forced to suspend withdrawals.
It is unclear if the withdrawn funds were Gemini corporate assets or from the Winklevoss twins’ personal crypto stash.
Notably, the sum did not include any Gemini customer funds."
https://nypost.com/2023/09/27/winkl...emini-assets-before-genesis-collapse-sources/
[long article but worth to read it]
