Gemini co-founder pens open letter to rival Genesis on Twitter asking for $900 million loan repayment.
Geminico-founder Cameron Winklevoss is pressing crypto lender Digital Currency Group , to return $900 million in customer funds that Gemini claims it lent to DCG.
"These users aren't just numbers on spreadsheet, they are real people," Winklevoss said, referencing a "a single mom who lent her son's education money to you" and a "husband and wife who lent their life savings to you." "For the past six weeks, we have done everything we can to engage with you in a good faith and collaborative manner in order to reach a consensual resolution for you to pay back the $900 million that you owe, while helping preserve your business, Winklevoss wrote.Crypto lender Genesis had sought emergency loan of $1 BillionBitcoin investor Barry Silbert speaks at a New York State Department of Financial Services virtual currency hearing in the Manhattan borough of New York January 28, 2014.
On Dec. 27, the U.S. District Court in Manhattan revealed Tyler and Cameron Winklevoss, founders of the Gemini cryptocurrency exchange, were hit with another lawsuit from investors over Gemini Earn.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Genesis-DCG Loan Leads to Class Action Arbitration Case from Gemini ClientsClaimants allege in a filing that Genesis breached its Master Agreement when it became insolvent in the summer of 2022, while hiding its insolvency from lenders like Gemini.
Leer más »
Gemini users file class-action request against Genesis and DCG: CoinDeskThe claimiants allege, among other things, that Genesis worked with its parent company, Digital Currency Group, to hide its insolvency.
Leer más »
Community celebrates Bitcoin Genesis Day by sending BTC to the Genesis blockSince its inception, various users have been randomly sending small amounts of Bitcoin to Satoshi’s wallet address.
Leer más »
Gemini's Winklevoss accuses crypto mogul Silbert of 'bad faith stalling tactics' over frozen fundsGemini is attempting to recoup $900 million of client funds which it lent to Genesis to generate yields for its interest-bearing Gemini Earn accounts.
Leer más »
Gemini Co-Founder Accuses DCG’s Silbert of 'Bad Faith' Stalling in $900M Locked Funds DisputeGemini co-founder Cameron Winklevoss accused DCG owner Barry Silbert Monday of 'bad faith stall tactics' in their $900 million dispute brought on by the implosion of FTX. Silbert responded that DCG submitted a proposal last week. by LizKNapolitano
Leer más »
Winklevoss says crypto broker Genesis negotiating in bad faithCameron Winklevoss, who founded crypto exchange Gemini Trust Co with his twin brother, on Monday accused Digital Currency Group (DCG) CEO Barry Silbert of 'bad faith stall tactics' and asked him to commit to resolving $900 million worth of disputed customer assets by Jan. 8.
Leer más »