Gemini cofounders Tyler and Cameron Winklevoss pose for a photo against a gray background.
Gemini cofounders Tyler and Cameron Winklevoss.
  • Tyler and Cameron Winklevoss loaned $100 million to support their Gemini Trust Co. crypto exchange, Bloomberg reported.
  • They made the move after Gemini sought funding from outside investors without reaching any agreements. 
  • Venture funding for crypto startups dropped 80% in the first quarter, after FTX collapsed and the crypto market suffered a downturn. 

Billionaires Tyler and Cameron Winklevoss have loaned $100 million of their own money to support their Gemini Trust Co. crypto exchange after running into hurdles during the market slump for digital assets, according to a Bloomberg report