• Cameron Winklevoss, the co-founder and CEO of the Gemini trading platform, has threatened to sue Genesis Global and its parent company, the Digital Currency Group.
• This move follows the bankruptcy filing lodged by Genesis involving two of its other subsidiaries.
• Cameron has been very vocal on social media about the complacency of Genesis and the Digital Currency Group with regard to settling Gemini Earn customers, who are owed $900 million.
Cameron Winklevoss, the co-founder and Chief Executive Officer (CEO) of the Gemini trading platform, has taken to social media to express his outrage at the Digital Currency Group (DCG) and its subsidiary, Genesis Global. This move follows the bankruptcy filing lodged by Genesis involving two of its other subsidiaries, which has left customers of the firm’s Gemini Earn program without access to their funds.
Cameron has been very vocal on social media about the complacency of Genesis and the Digital Currency Group, owned by Barry Silbert, with regard to settling Gemini Earn customers. On more than one occasion, Cameron, who co-owns the Gemini exchange with his twin, Tyler Winklevoss, has claimed Silbert and Genesis are using stall tactics to avoid paying the $900 million owed to its Earn customers.
In response, Cameron has threatened to sue Genesis Global and its parent company, the DCG. In a tweet, Cameron said this move will afford the firm to recoup its funds as the Barry Silbert-led DCG has continued to refuse to offer its creditors a fair deal.
The Gemini Earn program pays out a reward to users who subscribe to the product. Unfortunately, the Earn customers could not gain access to their funds as Genesis closed the program without warning. This has left customers in a difficult situation, unable to access their funds.
Cameron has been very vocal about the issue, calling for the DCG and Genesis to take responsibility for their actions. He has also gone on to share his thoughts on the matter on various social media platforms, calling on the government to take action if the DCG continues to be complacent in settling its customers.
The bankruptcy filing has left many customers feeling frustrated and angry, as they have yet to receive any compensation for their losses. While the DCG has yet to comment on the situation, Cameron has made it clear that he will not stand by and watch as innocent customers are taken advantage of. He has vowed to take whatever legal action is necessary to ensure that justice is served.