According to anonymous sources cited by Bloomberg, Cameron and Tyler Winklevoss injected $100 million into their company, Gemini, after being unsuccessful in obtaining external funding.
The significance of this amount lies in the fact that it corresponds to the funds that Gemini committed to restoring the assets of users in the Earn program, as part of the Genesis bankruptcy case.
Last year, Genesis, which is owned by Digital Currency Group, froze withdrawals following a crash on FTX.
It remains unclear whether the loan from the Winklevoss twins to the crypto exchange and the $100 million repayment obligation are linked.
The US Securities and Exchange Commission charged Gemini and Genesis with selling unregistered securities in January.
Gemini criticized the SEC’s actions as “absolutely counterproductive” and not conducive to resolving the crisis.
Gemini has revealed plans to launch an international cryptocurrency derivatives exchange, operating outside the United States.