Cameron Winklevoss Gives ‘Final Warning’ to Barry Silbert and Digital Currency Group After Alleged Debt Delinquency
Cameron Winklevoss, the co-founder of US-based exchange giant Gemini, has issued his “best and final offer” to Digital Currency Group (DCG) CEO Barry Silbert.
DCG is the parent company of the bankrupt crypto lender Genesis. Cameron Winklevoss and his twin brother Tyler Winklevoss have been in a public social media spat with Silbert for months over the halting of Gemini’s Earn program, which was funded by Genesis.
They have even gone so far as to call on DCG to fire Silbert. Genesis filed for Chapter 11 bankruptcy in January.
In a tweet posted on Monday, Cameron Winklevoss accused Silbert of committing fraud and trapping $1.2 billion worth of assets that belong to 232,000 Earn users. The Gemini co-founder laid out a repayment offer that he demanded Silbert accept by July 6th at 4 pm Eastern Time.
If the CEO doesn’t respond to and accept the offer, Winklevoss says they will file a lawsuit against DCG and Silbert personally.
“It takes a special kind of person to owe $3.3 billion to hundreds of thousands of people and believe, or at least pretend to believe, that they are some kind of victim.”
Winklevoss’ “best and final” offer involves a $275 million forbearance payment, $355 million in the first debt tranche, and $835 million in the second debt tranche, for a total of $1.465 billion.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Leonid studio/INelson
The post Cameron Winklevoss Gives ‘Final Warning’ to Barry Silbert and Digital Currency Group After Alleged Debt Delinquency appeared first on The Daily Hodl.
Go to Source
Author: Daily Hodl Staff
