Gemini Trust Co., the cryptocurrency exchange founded by the Winklevoss twins, is experiencing staffing challenges as its Chief Technology Officer (CTO), Pravjit Tiwana, is leaving the company. Tiwana, who also serves as the CEO of Gemini APAC, is departing this month, according to anonymous sources.
Before joining Gemini in January 2022, Tiwana had more than six years of experience at Amazon Web Services as a general manager. During his tenure at Gemini, Tiwana aimed to reshape the company's culture to resemble that of Amazon, which led to some employees leaving. His responsibilities at Gemini included managing products, engineering, and design, as well as expanding the company's operations in India.
Gemini has been facing regulatory scrutiny and legal challenges. The U.S. Securities and Exchange Commission (SEC) has accused the company of offering an unregistered securities program called Earn. Additionally, last month, the New York Attorney General sued Gemini and its parent company, Digital Currency Group, for alleged customer fraud amounting to $1.1 billion.
The departure of Gemini's CTO comes amidst a protracted battle with Genesis and Digital Currency Group and ongoing regulatory issues. The exchange has not yet commented on Tiwana's departure.