Cameron Winklevoss Accuses Barry Silbert of "Bad Faith Stall Tactics" in $900 Million Dispute
The crypto world is ablaze with accusations as Gemini exchange co-founder Cameron Winklevoss intensifies his feud with Digital Currency Group (DCG) CEO Barry Silbert. In his second angry open letter in 10 days, Cameron Winklevoss upped his rhetoric, accusing Silbert of employing “bad faith stall tactics” to avoid repaying $900 million owed to Gemini users.
The dispute stems from the collapse of Genesis Global Capital, a crypto broker and DCG subsidiary, leaving Gemini Earn users hanging with significant losses. Cameron Winklevoss blasted Silbert in an open letter posted to Twitter, alleging crypto broker Genesis Global Capital and its parent company, DCG, owe Gemini’s clients $900 million. This isn\'t the first time Cameron Winklevoss has publicly criticized Silbert; Cameron Winklevoss has now called out DCG’s CEO Barry Silbert over what he regards as “bad faith stall tactics.”
The $900 Million Earn Update: An Open Letter to @BarrySilbert
(Bloomberg) - The fallout from the collapse of Sam Bankman-Fried’s crypto empire just got messier, with digital-asset entrepreneur Cameron Winklevoss accusing fellow Cameron Winklevoss blasted Silbert in an open letter posted to Twitter, alleging crypto broker Genesis Global Capital and its parent company, DCG, owe Gemini’s clients millions. While some believe Winklevoss is attempting to deflect blame, writing But in a letter last night, Cameron Winklevoss attempted to shift blame for the saga onto Silbert, accusing him of \'bad faith stall tactics\'.
Cameron Winklevoss, co-founder of crypto exchange Gemini Trust Co, lashed out at Digital Currency Group CEO Barry Silbert on Monday, accusing him of “bad faith stall tactics” over the missing funds. The escalating conflict highlights the ongoing instability within the cryptocurrency industry, as lenders struggle to recover from market turmoil and the bankruptcy of several high-profile firms. Cameron Winklevoss (L), 41, has become a central figure in demanding answers and restitution for Gemini Earn users.