Is Gemini's CEO About to Sue Digital Currency Group?

Gemini CEO Cameron Winklevoss threatens to sue Digital Currency Group (DCG) and CEO Barry Silbert over delays in resolving Genesis for Earn customers

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In an open letter to Barry Silbert, Winklevoss accuses DCG of fraudulent behavior and a culture of lies and deceit, affecting Gemini's 232,000 Earn users

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Winklevoss alleges Silbert intentionally delayed resolution through abuse of the mediation process, granting DCG an indefinite forbearance on the $630 million owed to Genesis

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Winklevoss criticizes Silbert for playing the victim card, stating that owing billions of dollars and claiming victimhood takes a special kind of delusion

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Genesis, the lender behind Gemini's Earn program, suspended withdrawals due to market turmoil and filed for bankruptcy

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Winklevoss announces an ultimatum: Silbert must accept Gemini's final offer by July 6 or face a lawsuit on July 7. The offer includes a total payment of $1.47 billion

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The proposed payments should be made in Bitcoin (BTC), Ether (ETH), and USD

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Winklevoss demands an end to the delays, as professional fees have exceeded $100 million, affecting both credits and Earn users

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