{"id":290825,"date":"2023-01-20T08:45:29","date_gmt":"2023-01-20T08:45:29","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=290825"},"modified":"2023-08-09T03:19:21","modified_gmt":"2023-08-09T02:19:21","slug":"gemini-co-founder-threatens-lawsuit-against-dcg-barry-silbert","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/gemini-co-founder-threatens-lawsuit-against-dcg-barry-silbert\/","title":{"rendered":"Gemini co-founder threatens lawsuit against DCG, Barry Silbert"},"content":{"rendered":"

Gemini co-founder Cameron Winklevoss threatened a lawsuit against crypto conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert if they failed to make a “fair offer” to creditors like Gemini Earn users.<\/p>\n

Gemini is prepared to take “direct legal action against Barry, DCG, and others who share responsibility for the fraud that has caused harm to the 340,000+ Earn users and others duped by Genesis and its accomplices,” according to Winklevoss'\u00a0Jan. 20 Twitter thread<\/a>.<\/p>\n

Genesis' bankruptcy, a crucial step<\/h2>\n

Winklevoss said Genesis' bankruptcy was crucial to recovering Earn users' assets. He added that the bankruptcy would subject the firm to a judicial oversight that would force it to reveal “machinations that brought us to this point.”<\/p>\n

However, he argued that Genesis' bankruptcy does not insulate Silbert or DCG. Winklevoss added:<\/p>\n

“We also believe that \u2014 in addition to owing creditors all of their money back \u2014 Genesis, DCG, and Barry owes them an explanation. Bankruptcy court provides a much-needed forum for that to happen. Sunlight is the best disinfectant.”<\/p><\/blockquote>\n

Winklevoss and Silbert have been engaged in a public dispute<\/a> over the $900 million owed by Genesis to Gemini Earn. The exchange co-founder accused Silbert of employing “bad faith stall tactics” and called for Silbert to be sacked<\/a>.<\/p>\n

Meanwhile, Genesis disputed<\/a> the claim that it owes Gemini customers $900 million \u2014 court filing showing that the debt to Gemini Earn customers stands at $765.9 million.<\/p>\n

The U.S. Securities and Exchange Commission (SEC) charged<\/a> both firms with selling unregistered securities offerings on Jan. 12.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gemini co-founder Cameron Winklevoss threatened a lawsuit against crypto conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert if they failed to make a “fair offer” to creditors like Gemini Earn users. Gemini is prepared to take “direct legal action against Barry, DCG, and others who share responsibility for the fraud that has caused […]<\/p>\n","protected":false},"author":720,"featured_media":341040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77901,60793],"tags":[75324,74485,77317],"post_folder":[],"acf":[],"yoast_head":"\nGemini co-founder threatens lawsuit against DCG, Barry Silbert<\/title>\n<meta name=\"description\" content=\"Cameron Winklevoss argued that Genesis' bankruptcy does not insulate Barry Silbert or DCG from accountability.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/gemini-co-founder-threatens-lawsuit-against-dcg-barry-silbert\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gemini co-founder threatens lawsuit against DCG, Barry Silbert\" \/>\n<meta property=\"og:description\" content=\"Cameron Winklevoss argued that Genesis' bankruptcy does not insulate Barry Silbert or DCG from accountability.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/gemini-co-founder-threatens-lawsuit-against-dcg-barry-silbert\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-20T08:45:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-09T02:19:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/07\/cameron-winklevoss-1-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/gemini-co-founder-threatens-lawsuit-against-dcg-barry-silbert\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/gemini-co-founder-threatens-lawsuit-against-dcg-barry-silbert\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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