Cameron Winklevoss, co-founder of the US-based cryptocurrency exchange Gemini, submitted his final offer by sending an open letter to Barry Silbert, the founder of Digital Currency Group (DCG).
Cameron Winklevoss is a recent social media in your post, giant investor of the cryptocurrency market To Barry Silbert, CEO of DCG calling out $1.46 billion debt demanded payment. This offer in your post ultimate and best offer Winklevoss, who qualifies as that he will sue DCG and Silbert stressed.
of the DCG front until 6 July if they respond to the offer and accept it $275 million by July 21 They have to make the first payment. If DCG does not accept the proposal, litigation is expected by Gemini.
This offer is fair and reasonable for everyone and represents acceptable ground for creditors who need to support a settlement.
The vast majority of Gemini’s creditor claims Bitcoin (BTC), Ethereum (ETH) And dollar forming.
DCG last month was last May. 630 million dollars It was on the agenda by missing the payment. after the delay mediation Gemini, who chose a constructive path for the process, did not see the approach he expected from the DCG front.
Hundreds of thousands of users suffer
Genesis, which was affected by the credit bankruptcies in the crypto money market last year, completely stopped the asset withdrawals of its customers, and this was the beginning of a serious tension between both parties. Threatening to sue Silbert in the process, Winklevoss, Gemini Earn program suffering of its users He didn’t hesitate to express it.
As in the previous period, Winklevoss also wrote in this recent open letter to Earn users. 1.2 billion dollars He asserted that he would receive:
Barry, today it’s been 229 days since Genesis stopped withdrawals and 174 days since I last wrote you an open letter. As a reminder to you, I am writing on behalf of the 232,000 Earn users whose more than 1.2 billion assets are trapped in Genesis, a company owned and controlled by DCG.
The last open letter addressed to Silbert by Winklevoss was in January 2023.