Gemini Exchange Under Pressure: Winklevoss Debt, Buyer Talks & 80% Stock Crash


→ Owes Winklevoss Capital 4,619 $BTC (~$400M), repayable anytime
→ May forgive founder loans & convert to equity (twins already hold 94.7% voting power)
→ Buyers eyeing shuttered UK/EU units for MiCA + FCA licenses
→ 25% layoffs, $585M loss in 2024, 3 top execs gone
→ $GEMI Stock down 80%+ from $28 IPO → ~$4.87
Classic CEX governance risk. Self-custody = safety.
@Gemini
BTC-1,73%
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