2023 will be no different from last year as controversy continues in the cryptocurrency world.
Cameron Winklevosswho founded the crypto exchange Twin Trust On Monday, Digital Currency Group (DCG) CEO Barry Silbert, along with his twin brother, was accused of “bad faith stalling tactics” and asked to commit to settling $900 million worth of client assets by January 8.
Gemini has a crypto lending product called Earn in partnership with DCG’s crypto company Genesis. Genesis stopped customer withdrawals in November after the collapse of a major stock exchange. FTX cryptocurrencies .
Winklevoss said Genesis owed more than $900 million to about 340,000 Earn investors and sought to reach a “consent resolution” Silbert in the last six weeks.
However, it is now clear that he engaged in dishonest delay tactics,” Winklevoss wrote in an open letter to Silbert posted on Twitter.
“We ask that you make a public commitment to work together to solve this problem issue until January 8, 2023,” he added.
“DCG has never missed an interest payment to Genesis and is current on all outstanding loans,” Silbert said, adding that DCG has submitted a proposal to advisers; Genesis and Winklevoss on December 29 and received no response.
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