Winklevoss kritiserer DCGs Silbert - Ikke engang SBF var 'i stand til en sådan vildfarelse'

Winklevoss kritiserer DCGs Silbert - Ikke engang SBF var 'i stand til en sådan vildfarelse'

Tidsstempel: 4. juli 2023 kl. 1

Founder and CEO of crypto exchange Gemini, Cameron Winklevoss, is again threatening to sue Digital Currency Group (DCG) and its CEO Barry Silbert over delays in resolving the issue of funds owed to Gemini by bankrupt lender Genesis, slamming the CEO for allegedly trying to play the victim card.

In the July 4 “Open Letter to Barry Silbert,” Winklevoss alleged the DCG enterprise had engaged in “fraudulent behavior” via a “culture of lies and deceit” — coming at the expense of Gemini’s 232,000 Earn users.

Among the accusations in Winklevoss’ strongly-worded letter is that Silbert intentionally delayed resolution through “abuse” of the mediation process. The letter states:

“Mediation has given DCG an indefinite forbearance on the $630 million it owes Genesis — for free.“

Det mest foruroligende, ifølge Winklevoss, har været Silberts tilsyneladende påstand om at være "offeret" i debaklet.

“It takes a special kind of person to owe $3.3 billion dollars to hundreds of thousands of people and believe, or at least pretend to believe, that they are some kind of victim,” said Winklevoss, adding: 

"Ikke engang Sam Bankman-Fried var i stand til en sådan vildfarelse."

DCG’s Genesis was the lender behind Gemini’s Earn program, which promised returns as high as 8% to depositors. However, on Nov. 16, 2022, Genesis announced it midlertidigt suspenderede tilbagetrækninger, med henvisning til "hidtil uset markedsuro." 

Genesis senere indgivet til konkurs on Jan. 19, 2023, with Gemini seeking to recover its share of the billions owed by Genesis to creditors since.

Efter hvad Winklevoss har beskrevet som flere forsinkelser, ser han dog ud til at have fået nok.

"Jeg skriver for at informere dig om, at dine spil er slut," sagde Winklevoss og forklarede, at professionelle gebyrer nu er "balloneret" til over $100 millioner på bekostning af kreditter og Tjen brugere. "Nok er nok."

Winklevoss has given Silbert an ultimatum, accept his firm’s “best and final offer” by 4 pm Eastern Time on July 6 — or face a lawsuit on July 7.

Winklevoss slams DCG’s Silbert — Not even SBF was ‘capable of such delusion’ PlatoBlockchain Data Intelligence. Vertical Search. Ai.
The final offer to DCG from Winklevoss. Source: Twitter

The offer pitched calls on DCG to make a $275 million payment by July 21, an additional $355 million before July 21, 2025, and a final payment of $835 million by July 21, 2028 — five years from the “Plan Support Agreement” date proposed by Winklevoss.

Den samlede betaling vil komme til 1.47 mia.

Relateret: Gemini, Genesis anmoder om at afvise SEC-sag mod Earn-produktet

Winklevoss wants the payments to be made in the form of Bitcoin (BTC), Ether (ETH) and the United States dollar, with the funds sourced from Genesis Global Trading, potential payouts from FTX and Alameda Research’s bankruptcy estates, in addition to Avalanche (AVAX) and Near (NEAR) tokens that it may have a claim to from the Three Arrows Capital’s bankruptcy estate.

Cointelegraph kontaktede DCG for en kommentar, men modtog ikke et øjeblikkeligt svar.

Magazine: Ustabile mønter: Depegging, bankrun og andre risici truer

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