1 year ago
Gemini co-founder Cameron Winklevoss threatened a suit against crypto conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert if they failed to marque a “fair offer” to creditors similar Gemini Earn users.
Gemini is prepared to instrumentality “direct ineligible enactment against Barry, DCG, and others who stock work for the fraud that has caused harm to the 340,000+ Earn users and others duped by Genesis and its accomplices,” according to Winklevoss’ Jan. 20 Twitter thread.
Genesis’ bankruptcy, a important step
Winklevoss said Genesis’ bankruptcy was important to recovering Earn users’ assets. He added that the bankruptcy would taxable the steadfast to a judicial oversight that would unit it to uncover “machinations that brought america to this point.”
However, helium argued that Genesis’ bankruptcy does not insulate Silbert oregon DCG. Winklevoss added:
“We besides judge that — successful summation to owing creditors each of their wealth backmost — Genesis, DCG, and Barry owes them an explanation. Bankruptcy tribunal provides a much-needed forum for that to happen. Sunlight is the champion disinfectant.”
Winklevoss and Silbert person been engaged successful a public dispute implicit the $900 cardinal owed by Genesis to Gemini Earn. The speech co-founder accused Silbert of employing “bad religion stall tactics” and called for Silbert to beryllium sacked.
Meanwhile, Genesis disputed the assertion that it owes Gemini customers $900 cardinal — tribunal filing showing that the indebtedness to Gemini Earn customers stands astatine $765.9 million.
The U.S. Securities and Exchange Commission (SEC) charged some firms with selling unregistered securities offerings connected Jan. 12.
The station Gemini co-founder threatens suit against DCG, Barry Silbert appeared archetypal connected CryptoSlate.
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