Lawsuit against DCG and Barry Silbert: Gemini raises serious allegations for false financial reports

Lawsuit against DCG and Barry Silbert: Gemini raises serious allegations for false financial reports

gemini is a lawsuit against DCG and CEO Barry Silbert

Gemini, a well -known cryptocurrency exchange, has filed a lawsuit against the Digital Currency Group (DCG) and her CEO Barry Silbert. The co -founder of Gemini, Cameron Winklevoss, announced the legal steps on Twitter. The lawsuit refers to the recovery of Gemini Earn funds from Genesis, a subsidiary of Dcg.

The dispute between Gemini and DCG has been ongoing since January 2023. Recently, Cameron Winklevoss Barry Silbert had confronted with a "final offer", which provided for a payment of $ 1.465 billion in cash as well as Bitcoin and Ethereum. Winklevoss also claimed that DCG failed to pay $ 630 million in Genesis.

In the lawsuit, Winklevoss Silbert accuses the false information about the soles of Genesis and the financial support from DCG. He claims that DCG could not compensate for the losses of Genesis after the collapse of the HedgeGeFound 3ac and instead issued guilt with a term of 10 years. Winklevoss described these guilt notes as "fake" and accused DCG and Genesis of deceiving the creditors about the financial situation of the subsidiary.

Furthermore, Cameron Winklevoss claimed that other high -ranking executives from DCG were involved in fraud. He called President Mark Murphy and accused him of knowing about the wrong financial reports, but not corrected them.

DCG promptly reacted to the lawsuit and described it as a further attempt by Winklevoss to pass on the guilt of himself and Gemini. The company denied all the allegations of misconduct and called it baselessly, slanderer and completely wrong. DCG also emphasized that they always tried to find an agreement in the event of bankruptcy of Genesis while Gemini was absent.

Gemini and DCG continue to separate worlds. Cameron Winklevoss calls for a "real deal with real value", while DCG claims that the bankruptcy case will be completed soon.

It remains to be seen how the legal dispute between Gemini and DCG will assume. However, the allegations and counter -arguments raise considerable doubts about the cooperation between the two companies.