Cryptocurrency exchange Gemini, founded by the Winklevoss twins, will return at least $1.1 billion to customers of its lending program Gemini Earn. This follows a settlement with New York's Department of Financial Services over "significant failures" in the program. Gemini will also pay a $37 million fine to the regulator. Customers will receive their original digital assets back plus any increase in value since withdrawing in November 2022 amid market turmoil. Gemini is still contending with an October lawsuit from New York's attorney general alleging that Gemini and two other companies misled investors and concealed over $1 billion in losses.