Digital Currency Group (DCG) Responds to Cryptocurrency Exchange Gemini’s Fraud Allegation

After the Genesis company within the Digital Currency Group (DCG) was affected by the FTX collapse and therefore stopped customer withdrawals, it used this platform for its earnings program called Earn. cryptocurrency exchange Gemini also announced that its customers’ money is stuck in Genesis.

Gemini CEO Cameron Winklevoss Accuses Digital Currency Group and Its CEO of Fraud

Thereupon, Gemini CEO Cameron Winklevoss gave DCG and this company’s CEO Barry Silbert until January 8 to find a solution.

With no progress until January 8, Cameron Winklevoss released a rather harsh statement today. Winklevoss accused DCG of defrauding 340,000 Gemini customers and demanded the resignation of CEO Barry Silbert.

This is another desperate and unconstructive publicity stunt from @cameron to deflect blame from himself and Gemini, who are solely responsible for operating Gemini Earn and marketing the program to its customers.

— Digital Currency Group (@DCGco) January 10, 2023

On top of that, DCG representatives responded to Winklevoss’ harsh statement as follows:

“This is another desperate and unconstructive advertising effort by Cameron Winklevoss to take the blame away from him and Gemini, who is solely responsible for running Gemini Earn and marketing the program to its customers.

We will take all legal means against these malicious, fake and defamatory attacks.

DCG will continue to engage in productive dialogue with Genesis and its creditors to reach a solution that works for all parties.”

DCG CEO also runs the parent company of Grayscale, which is very important to Bitcoin (BTC). In the past weeks, the FUD wave that DCG is on the verge of bankruptcy has set the agenda of the crypto money market.

*Not investment advice.