Winklevoss twins sued for defrauding 2.3 lakh investors of $1 bn

Winklevoss twins Tyler and Cameron, famous for their legal battle with Meta's Mark Zuckerberg, have been sued in US for allegedly defrauding 2.3 lakh investors of $1 billion via their crypto firm Gemini. The lawsuit claims Gemini billed Gemini Earn program, run with Genesis, 'low-risk investment' despite its analysis showing the contrary. It claims Gemini knew Genesis' loans were undersecured.