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Winklevoss firm to return $1.1bn to customers

Gemini was co-founded by twins Tyler and Cameron Winklevoss - known for their legal dispute with Facebook.

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). "Gemini failed to conduct due diligence on an unregulated third party, later accused of massive fraud, harming Earn customers who were suddenly unable to access their assets after Genesis Global Capital experienced a financial meltdown," NYDFS Superintendent Adrienne Harris said in a statement. Gemini is run by the Winklevoss twins, Tyler and Cameron, who are also known for a long-running legal dispute with Facebook and its boss Mark Zuckerberg.

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