Winklevoss twins sell crypto business at a bargain price?

Gemini’s founders, Cameron and Tyler Winklevoss, are selling the crypto exchange’s business at what the article frames as a bargain price, with the restructuring cost alone expected to exceed the proceeds. The report cites a job posting as the first concrete signal of the deal and the broader corporate overhaul. The sale would mark a notable exit for one of the earliest U.S.-regulated crypto venues, though the article’s headline suggests the valuation falls well short of the company’s earlier ambitions. Specific deal terms, including the purchase price and any token or volume metrics, were not detailed in the excerpt. What to watch next is confirmation of the buyer, the final valuation, and how the restructuring affects Gemini’s remaining operations and any outstanding regulatory matters.