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Tyler Winklevoss and Cameron Winklevoss (L-R), co-founders of crypto exchange Gemini, on stage at the Bitcoin 2021 Convention in Miami, Florida. Crypto exchange Gemini will reduce its headcount by 10%, a spokesperson told CNBC on Monday. Other crypto firms like Crypto.com, Coinbase , Kraken, and Genesis have eliminated positions since Nov. 11, the day that Sam Bankman-Fried's crypto exchange FTX filed for bankruptcy. Gemini has been embroiled in an intense spat with Silbert's Genesis Trading, a crypto lending firm that generated rich returns for Gemini clients through Gemini's high-yield lending product, known as Gemini Earn. Genesis filed for bankruptcy protection on Jan. 19.
watch nowFTX founder Sam Bankman-Fried was sent back to a Bahamas jail Monday after a reported plan for him to waive his extradition to the U.S. stalled. FTX founder Sam Bankman-Fried (C) is led away handcuffed by officers of the Royal Bahamas Police Force at the Nassau, Bahamas, courthouse on December 19, 2022. The FTX founder arrived at Bahamian court in a convoy of police vehicles, heavily guarded, just after 10 a.m. Sam Bankman-Fried, founder of FTX, is escorted inside of the Magistrate's Court in Nassau, Bahamas, on Monday, Dec. 19, 2022. WATCH: Why Sam Bankman-Fried may decide to drop his fight against being extradited to the U.S.
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