After Gemini co-founder Cameron Winklevoss published an open letter to Digital Currency Group (DCG) CEO and founder Barry Silbert, threatening legal action if the firm failed to respond by July 7, Winklevoss announced on Friday that his company had filed a lawsuit against DCG and Silbert in New York.
Gemini Proceeds With Lawsuit Against DCG and CEO Barry Silbert
Gemini has proceeded with the filing of a lawsuit against Barry Silbert and DCG regarding the purported losses resulting from DCG’s alleged decisions. In a cautionary open letter posted on Twitter last week, Cameron Winklevoss warned that legal action would ensue unless DCG accepted the “best and final offer.”
“When Gemini notified Genesis it would be terminating the Earn program in October 2022, Barry reached out to set up a meeting to induce Gemini to continue Earn. He did this knowing Genesis was massively insolvent,” Winklevoss tweeted sharing the lawsuit on Twitter. “Barry claimed that Genesis faced only a timi
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