Cameron Winklevoss from Gemini insists in an open letter to CEO Barry Silbert that the Digital Currency Group has to solve liquidity problems -

Veröffentlicht:

Von:

Decoding =

Cameron Winklevoss, co -founder of the Gemini cryptocurrency exchange, published an open letter to the CEO of the Digital Currency Group (DCG), Barry Silbert on January 2, 2022, since he was 47 days since the withdrawal of Genesis had been stopped. In the letter, Winklevoss claimed $ 1.675 billion. However, Silbert replied on social media and denied the claim.

Gemini co-founder publishes open letter to Barry Silbert, Chief Executive from DCG, in which he demands that he will solve liquidity problems by January 8, 2023

Gemini co-founder Cameron Winklevoss divided an open letter on Twitter in the hope of the attention of barry, the attention of barry, CEO of the Digital Currency Group (DCG). In the letter, Winklevoss says that he wrote it on behalf of 340,000 Gemini Earn users. "These users are not just numbers in a table, they are real people," said Winklevoss. Basically, Gemini Earn users offered up to 8 % interest on certain digital assets, and this was achieved because the credit of Genesis Global Capital was an important partner.

The FTX attachment spread to Genesis, a creditor in the FTX bankruptcy proceedings, and the company's loan unit from stopped in mid-Nov. 2022. While Genesis was an important partner for geminis earn-product It also paused payments the same week. Then published the Financial Times (ft) a Report Earn users owed $ 900 million. Twins also formed a believer committee, for the funds of genesis To call up Houlihan Lokey as a financial advisor.

In addition, angered customers prepare a potential Collection Against Gemini, who claims the exchange of fraudulent customers with bad business. In the open letter, Winklevoss claims that his team tried several times and on December 25, 2022 to solve the problem with Silbert. The letter states that the problem is a "completely caused confusion", as Winklevoss DCG accuses owl.

"Every time we ask you for concrete commitment, they hide behind lawyers, investment bankers and processes," said the Gemini co-founder in the letter. Winklevoss also insisted that the funds were used to drive "greedy stock returns, illiquid risk investments and Kamikaze-Grayscale-NAV trades". The Gemini co-founder added:

We have not missed that you have desperately worked on freeing DCG from the problems you created at Genesis. You should do without this fiction because we all know what you know - that DCG and Genesis are beyond mixing.

After Winklevoss published his tweet, the DCG CEO reacted to the claims made. "DCG has not borrowed $ 1.675 billion of Genesis," said Silbert . "DCG has never missed an interest payment on Genesis and is up to date with all outstanding loans; the next loan due date is May 2023. DCG has submitted Genesis and its advisors on December 29 and will not receive an answer."

winklevoss ie asked the DCG-Exekutive, if he "committed to solve this in one way Duty of $ 1.1 billion to $ 1.1 billion. Silbert did not answer the last tweet of Winklevoss about the obligation to a resolution until this day. The open letter to Silbert also demands that the problem will be solved by January 8, 2022.

The last tweet of the DCG board of December 19, 2022, has shared Investments that may impart investors replied :

We look forward to getting behind this year.

What do you think about the problems between Gemini's co -founder Cameron Winklevoss and Barry Silbert about liquidity problems between Gemini and Genesis? Share your opinion on this topic in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.


Bedy verification : Shutterstock, Pixabay, WikiCommons