‘A “Legal” Ponzi Scheme? Unveiling Gemini Exchange and Its Founders’ Circular Lending’ (Author: Protos Staff) Gemini’s 10-K suggests the founders borrowed BTC/ETH from the exchange via WCF, using collateral to secure USD loans. During the IPO, discounted shares were used to transfer debt, leading to 94.7% voting power control and governance risks. Despite Deloitte’s unqualified audit, there’s still potential high borrowing pressure. Stock price has dropped 88% since listing, facing lawsuits and a trust crisis. Read the full article: https://(wublock123.com)/articles/gemini-exchange-founder-circular-lending-ponzi-allegations-58813