Winklevoss Twins Move $130M in Bitcoin to Gemini Hot Wallets: Arkham

In brief

• Gemini founders Tyler and Cameron Winklevoss have transferred around $130 million in Bitcoin to the exchange’s hot wallets over the past week, said Arkham.
• The blockchain analytics firm speculated that the transfers were “presumably to sell,” while others suggested that they could be intended for purposes such as exchange liquidity.
• The crypto exchange recently laid off a quarter of its staff and exited the European and Australian markets.