Cameron Winklevoss lashed out at DCG CEO Barry Silbert on Monday, accusing him of “bad faith stall tactics” over nearly a billion dollars’ worth of customers’ crypto assets that have been frozen for more than a month.
Cameron Winklevoss, co-founder of crypto exchange Gemini Trust Co., lashed out at Digital Currency Group CEO Barry Silbert on Monday, accusing him of “bad faith stall tactics” over nearly a billion dollars’ worth of customers’ crypto assets that have been frozen for more than a month.
Under Gemini Earn, investors lent Gemini crypto assets in exchange for high interest payments. Gemini then lent the digital assets to Genesis. But Genesis halted all withdrawals and transactions in early November because of its exposure to bankrupt crypto platform FTX, causing a liquidity crisis for Gemini.
In his letter Monday, Cameron Winklevoss claimed Silbert has repeatedly refused over the past six weeks “to get into a room with us to hash out a resolution” to set up a repayment schedule. DCG has previously distanced itself from Genesis and its lending business.
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