Tyler Winklevoss, Founder, Gemini Cryptocurrency Exchange

American investor Tyler Howard Winklevoss also happens to be an Olympic rower and the founder of Winklevoss Capital Management and the Gemini cryptocurrency exchange. Winklevoss, his brother Cameron, and Divya Narendra, a fellow Harvard student, co-founded HarvardConnection, which was eventually renamed ConnectU. The Winklevoss brothers filed a lawsuit against Mark Zuckerberg in 2004, alleging that he had stolen their ConnectU concept and used it to develop Facebook, a social networking site. Winklevoss, along with his identical twin brother Cameron, participated in the men’s pair rowing event at the 2008 Summer Olympics.

2023

Just a few months before their cryptocurrency company collapsed, leaving its clients unable to access their investments, brothers Cameron and Tyler Winklevoss covertly removed more than $280 million from the bank that housed their company.

The Winklevoss twins, who gained fame for their intense legal battle over Facebook control with their former Harvard roommate Mark Zuckerberg, are currently involved in another bitter legal dispute: this one involves billionaire Barry Silbert, whose company Digital Currency Group owns the now-defunct cryptocurrency bank Genesis. The twins are cofounders of Gemini, a formerly popular digital currency exchange that has seen a decline in trading activity and layoffs this year.

Latest news about Tyler Winklevoss

• New York Attorney General Letitia James has filed a lawsuit against cryptocurrency companies Genesis Global, Digital Currency Group (DCG), and Gemini, accusing them of defrauding investors of over $1 billion. The lawsuit focuses on Gemini’s “Gemini Earn” program, which allowed customers to lend cryptocurrency assets to Genesis. Gemini defended the withdrawal, stating it was a risk management decision. The ongoing legal dispute highlights the complexities within the cryptocurrency sector.
• Gemini has denied a New York Post story claiming it withdrew $282M from Genesis before the crypto lender’s bankruptcy. The exchange clarified that the funds were not Gemini corporate funds or the personal funds of its founders and investment firm, Winklevoss Capital. The dispute between Gemini and Genesis began after FTX’s collapse in November. Gemini sued Digital Currency Group (DGC) and CEO Barry Silbert for fraud and deception. Users have expressed frustration and lost trust in the exchange.

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