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On Tuesday, Cameron Winklevoss accused Barry Silbert, whose company owns Genesis, of defrauding Gemini Earn customers and called on his company’s board to remove him, deepening the acrimony between the onetime business partners. In a separate notice to Earn customers, Gemini said it terminated their loan agreements with Genesis, a move that officially ends the Earn program and requires Genesis to return all outstanding assets immediately.
In an interview on Tuesday, Cameron Winklevoss said he and his twin brother are “working around the clock to find a resolution for all Earn users.” He added that “we believe in this space. This is a painful episode, but everybody is looking ahead.”
Former FTX CEO Sam Bankman-Fried has also reportedly landed in the U.S. after being extradited from the Bahamas for fraud charges laid by the U.S. Government. The indictment against SBF is signed by the U.S. Attorney for the Southern District of New York, Damian Williams, and contains eight counts.
SBF is facing charges from the Justice Department, along with SEC and CFTC, for defrauding investors and lenders. Royal Bahamas police arrested the former crypto billionaire on Dec. 12, and his initial application for bail was denied in a Bahamian court.
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🟠 Binance annual revenue grew 10x over the past two years. It was around $12B in 2022. 💰 Huobi’s quarterly revenue dropped -98% since 2021 Q2.
❗️Longest 🥇 Bitcoin Bear Market Ever: 👇
2011 Bear Market (163 days)
June 8th, 2011 - Nov 18th, 2011
2013-2015 (406 days)
Dec 4th, 2013 - Jan 14th, 2015
2017-2018 (364 days)
Dec 16th, 2017 - Dec 15th, 2018
2021-2022 (426 days)
Nov 8th, 2021 - Jan 8th, 2023????????????
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