Cameron Winklevoss, a co-founder at crypto exchange Gemini, released an open letter for Barry Silbert, founder, and CEO of Digital Currency Group (DCG). The parent company of Grayscale and crypto lender Genesis, Winklevoss, called out his partner on the situation that is putting thousands of customers in financial distress.
Bitcoinist reported that Gemini’s Earn product halted operations following Genesis’ liquidity crunch. The company was impacted by FTX and had been attempting to raise capital to resume its operations. In the meantime, customers’ funds are stuck in both Genesis and Gemini’s Earn.
Gemini Founder Asks For Speedy Resolution
In the document, Winklevoss puts a face on the 340,000 Earn users, the “real people” that “lent” their funds to Genesis. Following Winklevoss’s logic, these people trust their funds to Barry Silbert and the Digital Currency Group. The letter reads:
These users aren’t just numbers on a spreadsheet. They are real people. A singl
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