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Asharq Al-Awsat

Technology

Asharq Al-Awsat

US Sues Cryptocurrency Exchange Run by Winklevoss Twins

Gemini United States Cryptocurrency Tyler Winklevoss Crypto Bitcoin Commission Commodity Futures Trading Commission New York Lawsuit

05 March 2022, Berlin: A coin bearing the logo of the bitcoin cryptocurrency lies on a table. (dpa)

US regulators on Thursday said they are suing the Gemini Trust cryptocurrency exchange, which is run by Cameron and Tyler Winklevoss, for giving misleading answers in 2017 about a bitcoin project.

The Commodity Futures Trading Commission lawsuit filed in federal court in New York accuses Gemini of not being upfront about how easy it would be to manipulate a bitcoin futures project proposed at the time, the agency said in a statement.

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