A report by New York Times technology reporter Tom Barrabi is hitting the Winklevoss twins' asses.

A New Turn of Controversy

     According to the report, Gemini withdrew $282 million from Genesis on August 9, 2022 (before the bankruptcy of Genesis). The Winklevoss twins have now come under attack from investors for keeping this secret.

Gemini defended

     The Winklevoss twins claimed that the $282 million withdrawn was to increase Gemini's liquidity reserves for any emergency need, and $900 million from the Gemini Investors Fund is still held by Genesis.

Crypto analysts have mixed reactions

     NYT reports aren't trusted in the crypto world, so some people think Genesis' parent company, DCG, and its CEO, Barry Gilbert, are targeting Winklevoss. However, keeping a secret reserve and not using it to help investors is making many investors suspicious.