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Winklevoss Twins Try to Pivot After Gemini Loses Money, Staff

Since going all-in on Bitcoin over a decade ago, Tyler and Cameron Winklevoss have had their share of ups and downs. But these days, issues around the billionaire twins’ Gemini crypto exchange just seem to keep piling up.

Seize, Not Just Freeze, Russian Assets? Why It’s Hard: QuickTake

Soon after Russia invaded Ukraine, the US and its allies froze an estimated $300 billion in Russian central bank assets that were being held in non-Russian financial institutions. Sanctions imposed on prominent Russian individuals have frozen an additional estimated $58 billion in assets, including homes, yachts and private aircraft.

JPMorgan’s Dimon Denies Epstein Involvement as Deposition Ends

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon was questioned under oath by lawyers in two lawsuits in which the bank was accused of knowingly benefiting from Jeffrey Epstein’s sex-trafficking, denying any involvement with the financier’s accounts.

UBS Analysts See Fake AI Content Feeding Market Disruptions

The spread of artificial intelligence has the potential to be “highly disruptive” to financial markets as the technology aids the publication of false information, and makes leaks of intellectual property more likely, according to analysts at UBS Group AG.

Archegos Insurer Sues to Avoid Covering Costs of Firm’s Failure

An insurer for Bill Hwang and his Archegos Capital Management is suing to avoid paying any costs incurred by Archegos, Hwang and other senior executives of the investment firm from a separate suit by a former employee who claims the implosion of the family office cost him as much as $50 million.

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Jennifer Kennedy Park
Cleary Gottlieb Steen & Hamilton