Winklevoss firm to return $1.1bn to customers

According to reports, the Winklevoss brothers’ cryptocurrency exchange, Gemini, has announced that they will be returning $1.1 billion to their customers.

This move comes after the company faced backlash for allegedly overcharging customers for their trades. The exchange has since apologized for the error and pledged to rectify the situation by returning the excess funds to affected users.

Gemini co-founder Tyler Winklevoss stated, “We take our customers’ trust very seriously, and we apologize for any inconvenience this may have caused. We are committed to ensuring that all of our customers are treated fairly and transparently.”

This announcement has been met with mixed reactions from the cryptocurrency community, with some applauding Gemini for taking responsibility and rectifying the error, while others remain skeptical of the exchange’s practices.

Overall, this development serves as a reminder of the importance of accountability and transparency in the fast-growing cryptocurrency industry.