Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, called for the removal of Digital Currency Group Inc Chief Executive Barry Silbert on Tuesday, amid tensions between the high-profile executives in the wake of the FTX collapse.
Stamford, Connecticut-based Digital Currency Group is the parent company of several high-profile crypto firms, including crypto asset manager Grayscale and Genesis, which brokers digital assets for financial institutions like hedge funds and asset managers.in November when crypto exchange FTX filed for bankruptcy.
"There is no path forward as long as Barry Silbert remains CEO of DCG," Winklevoss wrote. "He has proven himself unfit to run DCG and unwilling and unable to find a resolution with creditors that is both fair and reasonable." A Genesis spokesperson said in a statement that the company was disappointed that Gemini was "waging a public media campaign despite ongoing productive private dialogue between the parties."
Winklevoss alleged in his letter on Tuesday that Silbert had misrepresented the liabilities DCG said it had assumed from Genesis related to the money that Three Arrows Capital owes Genesis.
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