Cameron Winklevoss calls for immediate removal of Barry Silbert as DCG CEO Cameron Winklevoss calls for immediate removal of Barry Silbert as DCG CEO
Barry Silbert allegedly lied to Gemini and over 340,000 users that DCG had injected about $1.2 billion to support Genesis after the 3AC collapse.
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Updated: Aug. 14, 2023 at 12:45 am UTC
Doc Searls / CC BY 2.0 / Flickr. Remixed by CryptoSlate
Gemini co-founder Cameron Winklevoss has called on shareholders of Digital Currency Group (DCG) to remove Barry Silbert as CEO for allegedly defrauding Gemini earn users.
Cameron in an open letter tweeted on Jan 10, alleged that Genesis Global and its parent company DCG under the leadership of Barry Silbert conspired to defraud about 340,000 Gemini earn users.
Genesis reportedly incurred a $1.2 billion loss from the 3AC collapse. However, Barry, DCG, and Genesis allegedly lied to Gemini and its users that DCG had injected about $1.2 billion to support Genesis to continue its operation.
In light of the public lie made to Gemini and its users, Cameron has called on the DCG board of directors to proceed with the immediate removal of Barry Silbert.
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Christian Nwobodo
Christian is a crypto-curious nerd who loves to investigate how protocols work under the hood. Christian is interested in DeFi protocol research, token economics, and on-chain analytics.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Gemini
Gemini is a regulated digital asset exchange and custodian that allows customers to buy, sell, store, and stake digital assets in a regulated, secure, and compliant manner.
Cameron Winklevoss, a renowned figure in the cryptocurrency sector, is a Harvard University graduate with a degree in Economics and holds an MBA from Oxford University.
Barry Silbert, recognized as a foundational figure in the cryptocurrency landscape, serves as the CEO and founder of Digital Currency Group (DCG).
