Cameron Winklevoss Threatens to Sue DCG and Barry Silbert Over Delays in Genesis Resolution

In a message posted to social media on Monday, Cameron Winklevoss presented ‘best and final offer’ to Barry Silbert, chief executive of Digital Currency Group. If no agreement is reached by 4pm EST on July 6, Winklevoss promised to pursue legal action against both Silbert and DCG. In involving a total payment of $1.465 billion, distributed among blockmuster Bitcoin (BTC), Ether (ETH) and USD, this arrangement seeks to rectify a years-long issue between the bankrupt lender Genesis and the Digital Currency Group.

Whilst attached to his tweet was an open letter, Winklevoss alleged suspicious relations between Silbert and creditors. Here the accusees of extensive time delays, seemingly in hopes of potentially securing funds to offset a $630 million loan. Consequently, Nicklevoss proposed that perhaps the most extreme of this behavior onlooked to bankman-Fried and the involved parties remarkable ignorance of faith in creditors and Earn users.

“I write to inform you that your games are over. In addition to dragging out a resolution, they have ballooned professional fees to over $100 million, all of which have gone to lawyers and advisors at the expense of creditors and Earn users,” Winklevoss’s letter recited. With consequent accusations made pertaining to knowledge acquisitions in the summer of 2022 along with a “bogus long-dated promissory note” hinted at, Winklevoss described the situation comically but framed as an authoritative warning in the close: “It takes a special kind of person to owe $3.3 billion dollars to hundreds of thousands of people and believe…that they are some kind of victim. Not even Sam Bankman-Fried was capable of such delusion.”

Robert Wilson author
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