YEREVAN (CoinChapter.com) – Cameron Winklevoss, the CEO of crypto exchange Gemini, filed a lawsuit against its parent company Digital Currency Group (DCG), and its chief, Barry Silbert. The head of Gemini long claimed Silbert knew his other daughter company, crypto lender Genesis, was “massively insolvent” when attempting to continue the Gemini Earn program.
Barry was not only the architect and mastermind of the DCG and Genesis fraud against creditors. He was directly and personally involved in perpetrating it.tweeted Winklevoss on July 7.
In detail, Gemini’s CEO made a “final offer” to Silbert a few days ago, threatening with the now-filed lawsuit. However, DCG did not honor the terms of the agreement and did not provide the requested $1.5 billion.
Defendants DCG and Silbert engaged in a fraudulent scheme to induce a variety of depositors, including Gemini users, […] to continue to lend huge amounts of cryptocurrency and U.S. Dollars to DCG’s subsidiary Genesis Global.read the filing.
Read more about the Gemini vs DCG lawsuit here.