BREAKING! The Winklevoss Twins' $3.5 Billion Crypto Empire Just Collapsed to ZERO

Описание: Ten months ago, Gemini rang the opening bell on Nasdaq and was worth about three and a half billion dollars. Today it has lost nearly 90% of its value — from around $45 a share to roughly $4. And the most uncomfortable part is that it collapsed slowly, in broad daylight, while the people in charge kept insisting everything was fine.

This is the full story of how a coronation became a collapse: the twins who took Mark Zuckerberg to court and became early Bitcoin billionaires; an IPO priced at $28 that peaked on day one; the panic 'Gemini 2.0' pivot and up to a third of staff cut; the COO, CFO and CLO all walking out within twelve days; a full-year loss of around $585 million; Citi stamping a 'sell' with a $4 target; a shareholder lawsuit; the twins committing $100 million of their own money at $14 a share; and the one genuine win — the SEC dropping its Gemini Earn case. The real lesson: a famous founder can ring a very loud bell, but they can't force the numbers to be kind.

These are matters of public record and analysis; nothing here is an allegation of wrongdoing.

Analysis and commentary — not financial or investment advice.

Winklevoss photos: Rory Cellan-Jones / GabrielF / TechCrunch, CC BY / CC BY-SA (Wikimedia Commons).