In an open letter to Barry Silbert, Gemini co-founder Cameron Winklevoss said that Digital Currency Group owes Genesis approximately .675 billion. Cameron Winklevoss shared an open letter to Barry Silbert – the founder of Digital Currency Group – on Twitter. On behalf of many people, he argued that Genesis – a subsidiary of DCG – owes 0 million to them. Winklevoss argued that the two companies are “beyond commingled.” Furthermore, he alleged that: To be clear, this mess is entirely your own making. Digital Currency Group (DCG) – of which you are the founder and CEO – owes Genesis (its wholly owned subsidiary) approx. .675 billion. This is money that Genesis owes to Earn users and other Creditors. You took this money – the money of schoolteachers – to fuel greedy
Topics:
George Georgiev considers the following as important: AA News, social, winklevoss twins
This could be interesting, too:
Wayne Jones writes Charles Schwab to Launch Spot Crypto ETFs if Regulations Change
Wayne Jones writes Here’s When FTX Expects to Start Repaying Customers .5B
Dimitar Dzhondzhorov writes Is Cryptoqueen Ruja Ignatova Alive and Hiding in South Africa? (Report)
Wayne Jones writes Casa CEO Exposes Shocking Phishing Scam Targeting Wealthy Crypto Users
In an open letter to Barry Silbert, Gemini co-founder Cameron Winklevoss said that Digital Currency Group owes Genesis approximately $1.675 billion.
- Cameron Winklevoss shared an open letter to Barry Silbert – the founder of Digital Currency Group – on Twitter.
- On behalf of many people, he argued that Genesis – a subsidiary of DCG – owes $900 million to them.
- Winklevoss argued that the two companies are “beyond commingled.”
- Furthermore, he alleged that:
To be clear, this mess is entirely your own making. Digital Currency Group (DCG) – of which you are the founder and CEO – owes Genesis (its wholly owned subsidiary) approx. $1.675 billion. This is money that Genesis owes to Earn users and other Creditors. You took this money – the money of schoolteachers – to fuel greedy share buybacks, illiquid venture investments, and kamikaze Grayscale NAV trades that balooned the fee-generating AUM of your Trust…
- Silbert was quick to respond, saying:
DCG did not borrow $1.675 billion from Genesis.
DCG has never missed an interest payment to Geneiss and is current on all loans outstanding; next loan maturity is May 2023.
DCG delivered to Genesis and your advisors a proposal on December 29th and has not received any response.
