Barry Silbert clarified DCG’s relationship with bankrupt firm 3AC and its subsidiary Genesis Global Capital.
Gemini’s CEO alleged that DCG and Silbert initiated bad decisions at 3AC.
Silbert maintains DCG owes Genesis Global Capital $447.5 million and 4,550 BTC ($78 million).
Silbert confirmed that DCG had never coordinated investments with Three Arrows Capital.
According to the DCG CEO, Genesis had a trading relationship with 3AC.
To clear the air on the allegations raised by Gemini CEO Cameron Winklevoss, founder of Digital Currency Group, Barry Silbert has now written a letter to his shareholders. In the Tuesday letter, Silbert clarified its relationship with bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) and with Genesis Global Capital, a crypto lending subsidiary.
The DCG CEO stated that the firm did not have a relationship with 3AC, and he only remembers a phone call with one of the firm’s co-founders in 2020.
Recall that the Gemini CEO had accu
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