PANews reported on April 11 that, according to Bloomberg, cryptocurrency exchange operator Gemini Space Station Inc. is considering an internal plan to forgive hundreds of millions of dollars in loans to its co-founders, brothers Tyler and Cameron Winklevoss, and potentially convert these debts into additional equity. Gemini is currently facing losses, layoffs, and the withdrawal of its overseas operations, and the Winklevoss brothers control a majority of the voting shares. They have not previously indicated whether they support this plan.

As of the end of December last year, Gemini was burdened with debt of 4,619 bitcoins, worth more than $330 million at current prices. It had secretly filed for an initial public offering (IPO) last fall and laid off about 30% of its staff. It will also withdraw from the UK, EU and Australian markets. According to relevant documents, the company lost $585 million last year and was in a loss-making state.