One of the Winklevoss twins has demanded a payment of $1.47 billion from Digital Currency Group (DCG)’s Barry Silbert.
Winklevoss Calls Out Silbert
In an interesting turn of events, Cameron Winklevoss, co-founder of Gemini, has made a final offer demanding a payment of $1.47 billion from DCG’s CEO Barry Silbert. He also threatened the latter with legal action if the final payment offer was not met by the deadline of July 6, 4 PM ET. Winklevoss claimed that the legal action would include a detailed report of Silbert’s personal liability in hiding Genesis’s insolvency issues and filing a Turnover Motion to force the immediate payment of the $630 million payment owed to creditors.
DCG’s Credit Struggles
When Genesis’s parent company DCG got caught up in the credit crisis of 2022, the latter entered into negotiations with creditors. However, the company did miss a $630 million payment to Genesis in May, which has now led to Cameron Winklevoss penning the open letter to Silb
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