Gemini's Winklevoss Demands $1. 46B Settlement from DCG In EARN Product Tussle.
07 Jul 2023, 08:00
Gemini’s Winklevoss Demands $1.46B Settlement from DCG In EARN Product Tussle
Gemini has escalated its conflict with Digital Currency Group (DCG) after approximately seven months since Genesis Global Trading, DCG’s lending arm, suspended withdrawals.
On Tuesday, Gemini co-founder Cameron Winklevoss presented Barry Silbert, the founder of DCG, with a “best and final offer” letter to settle the $1.465 billion debt owed to Gemini. Winklevoss’s letter carried a clear request, threatening legal action against Silbert and DCG if an agreement is not reached by July 6.