Winklevoss gets his answer even earlier than initially demanded.
Derar Islim, interim CEO of crypto market maker and lender Genesis, has sent a letter to clients updating them on the company’s efforts to prop up its finances and resume withdrawals and new lending. The letter, sent on Jan. 4, comes two days after a Twitter exchange between Barry Silbert, CEO of Genesis’ owner the Digital Currency Group, and Cameron Winklevoss, cofounder of the Gemini crypto exchange, in which Winklevoss criticized Genesis’ handling of its problems.
“We believe was can arrive at a solution,” Islim wrote in the letter, according to a report in Bloomberg on Dec. 4. Nonetheless, Islim said: “While we are committed to moving as quickly as possible, this is a very complex process that will take some additional time.” Winklevoss posted an open letter to Silbert on Twitter on Jan. 2 accusing him of “engaging in bad faith stall tactics” with regard to Genesis’ $900 million debt to Gemini. “We are asking you to publicly commit to working together to solve this problem by January 8th, 2023,” Winklevoss added. He repeated the request in the thread, but Silbert did not acknowledge it.
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