According to a Bloomberg report, Tyler and Cameron Winklevoss recently financed their Gemini crypto exchange with $100 million to help the company survive the recent market collapse.
Gemini reportedly received a $100-million loan from the duo after failing to secure funding from external investors, according to Bloomberg’s citation of unnamed sources.
According to speculation, the loan amount of $100 million given by the Winklevoss twins to Gemini corresponds to the amount that Gemini agreed to repay to Earn users in the Genesis bankruptcy case.
After the dust settled, Cameron Winklevoss took to Twitter to announce that they would pay $100 Million back to their Gemini Earn users that were associated with Genesis.
There has been no official comment from Gemini or the Winklevoss twins regarding the loan.
What remains to be seen is whether the latest loan can be tied with the Gemini Earn commitment made by the twins.
Stay connected with The Crypto Times to keep up with the latest crypto market updates.
