Bloomberg: Cryptocurrency exchange Gemini is considering converting the Winklevoss brothers' loan into equity.

CoinFeed 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.