January 27, 2023




Home Cryptocurrency News Cameron Winklevoss pens open letter to Barry Silbert about Gemini’s blocked funds – Cointelegraph

Cameron Winklevoss pens open letter to Barry Silbert about Gemini’s blocked funds – Cointelegraph

3 min read
Comments Off on Cameron Winklevoss pens open letter to Barry Silbert about Gemini’s blocked funds – Cointelegraph
17

Each side are going through monetary headwinds, and Gemini was sued final week over cash locked in its Earn program.

Breaking information

Ho-ho-ho! Get Limited Holiday Trait!
Collect this article as an NFT

Jan. 2 “marks 47 days since Genesis halted withdrawals,” Cameron Winklevoss, co-founder of the cryptocurrency trade Gemini, identified in an open letter to Barry Silbert, CEO of the Digital Forex Group — which owns Genesis. Winklevoss went on to make a blunt appraisal of DCG’s enterprise practices.

In keeping with the letter Winklevoss posted on Twitter, Genesis owes Gemini $900 million for funds Gemini lent to it as a part of the Gemini Earn program. “For the previous six weeks, we now have completed all the pieces we will to interact with you in a great religion and collaborative method with a view to attain a consensual decision so that you can pay again the $900 million that you just owe,” Winklevoss wrote, including:

“Each time we ask you for tangible engagement, you conceal behind legal professionals, funding bankers, and course of.”

Winklevoss claimed DCG owes Genesis cash that it has not repaid, resulting in the failure of Genesis to pay Gemini.

Gemini was sued by investors on Dec. 27. The swimsuit alleges that Gemini engaged in fraud and violations of securities legal guidelines as a result of the Earn program was not registered and buyers had been unable to evaluate its dangers absolutely. Earn stopped paying buyers in November.

Silbert countered Winklevoss, claiming that Genesis has responded to Gemini’s proposal and that DCG is just not overdue in its funds to Genesis.

Adblock test (Why?)




Source link

Load More Related Articles
Load More By admin
Load More In Cryptocurrency News
Comments are closed.

Check Also

ChatGPT learns Bitcoin will finish central banking and fiat forex – Cointelegraph

A Bitcoin mentor satisfied ChatGPT, the AI chatbot, that Bitcoin would carry in regards to…

Must Read

Load more