.cameron has stepped up his attacks on 'crypto king' BarrySilbert in a scathing open letter
to the board of Digital Currency Group, Gemini co-founder Cameron Winklevoss has called for the immediate removal of Barry Silbert as CEO due to his alleged role in defrauding Gemini and Earn users.
Winklevoss claims that Genesis Global Capital and its parent company DCG engaged in a campaign of false statements and misrepresentations to make Gemini, Earn users and other lenders believe that DCG had injected $1.2 billion into Genesis - without actually doing so. "These misrepresentations were a sleight of hand designed to make it appear as if Genesis was solvent," said Winklevoss in the letter. He went on to accuse Silbert of being motivated by greed, which resulted in failed hedge fund 3AC receiving loans from Genesis, given the low quality of the collateral posted.
"For all these reasons," said Winklevoss,"there is no path forward as long as Barry remains CEO at DCG... These lenders deserve a resolution for their recovery and can only be achieved with new management at DCG."
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