But things went south in November when Genesis suspended redemptions and new loan originations after making a series of bad loans to crypto firms Three Arrows Capital and FTX, both of which later wound up in bankruptcy court. Without access to their funds, some Gemini Earn users turned on Winklevoss, suing him and the exchange’s co-founder, his brother Tyler, for alleged fraud.
Source: https://www.coindesk.com/business/2023/01/20/cameron-winklevoss-threatens-legal-action-against-dcg-ceo-after-genesis-bankruptcy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines