Gemini co-founder Cameron Winklevoss Demands $1.5B From Digital Currency Group | CoinMarketCap

Cameron Winklevoss, co-founder of the Gemini crypto exchange, has proposed a "final offer" in debt-restructuring talks over the bankrupt crypto lender Genesis.Gemini co-founder Cameron Winklevoss Claims $1.2 Billion is Owed to Earn Users

Cameron Winklevoss, co-founder of the Gemini crypto exchange, has proposed a "final offer" in debt-restructuring talks over theWinklevoss has tweeted a plan for $1.5 billion in forbearance payments and fresh loans, in an open letter to Digital Currency Group founder Barry Silbert. Winklevoss accused DCG of holding up the repayment plan for Genesis' debtors, which included users of Gemini's Earn programme.

In January, Genesis listed more than $3 billion in claims to its top 50 creditors. Winklevoss claims $1.2 billion is owed to Earn users. The letter states that the agreement must be made by July 6 at 4 p.m. Gemini will begin legal action against DCG and Silbert as early as July 7 if there is no immediate resolution. Winklevoss warned the lawsuit would expose Silbert’s personal liability in "hiding Genesis's insolvency."Related Articles

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Gemini's Cameron Winklevoss Tweets $1.5B 'Final Offer' in Debt Talks Over Crypto Firm GenesisCreditors of the crypto financial firm Genesis propose a package $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder.
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Accept the 'Best and Final Offer' or Face Legal Action Gemini's Cameron Winklevoss Tells DCG Founder – Featured Bitcoin NewsCameron Winklevoss said a demand will also be made for the Genesis Special Committee (GSC) to file a turnover motion on or before July 7. Gemini
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