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Winklevoss twins reach settlement with New York

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The Winklevoss twins, Cameron and Tyler, have reached a settlement with the state of New York.

The settlement calls for the Winklevosses to give back $1.1 billion to customers of their cryptocurrency exchange Gemini.

Last year, the state of New York sued Gemini, alleging the company funneled funds to Genesis Global Capital, a cryptocurrency lending firm that failed.

Read more from Quartz.

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