Gemini Co-founder Requests DCG to Remove Barry Silbert as CEO

Cameron Winklevoss, co-founder of Gemini, released an open letter requesting the board of Digital Currency Group (DCG) to remove Barry Silbert as CEO and to install a new CEO.

According to the letter, Genesis lost at least $1.2b in the Three Arrows Capital incident. Barry Silbert neither restructured Genesis' $8b loan book, nor filled the $1.2b hole. Instead, he let the public believe DCG had supported Genesis with $1.2b by telling lies.

"He has proven himself unfit to run DCG and unwilling and unable to find a resolution with creditors that is both fair and reasonable." Cameron Winklevoss said, "I am confident that with new management at DCG, we can all work together to achieve a positive, out-of-court solution that will provide a win-win outcome for all, including DCG shareholders. "

Source

Exchanges

Lending

Related News
CME Group Plans to Launch Bitcoin Spot Trading CME Group Plans to Launch Bitcoin Spot Trading
Bitget reports a 335% Bitcoin Proof of Reserve ratio Amid Market Turbulence Bitget reports a 335% Bitcoin Proof of Reserve ratio Amid Market Turbulence
BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024 BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024
The U.S. DOJ Charges Against KuCoin and its Founders The U.S. DOJ Charges Against KuCoin and its Founders
BloFin Announces Platinum Sponsor of TOKEN2049 Dubai 2024 BloFin Announces Platinum Sponsor of TOKEN2049 Dubai 2024
Latest News More More
Ethereum Validator P2P.org Introduces Restaking Function on EigenLayer
Aave Plans to Launch own Blockchain After V4 Upgrade
BlackRock's Income and Bond Funds Hold Spot Bitcoin ETF
May 20 Binance Calls on Projects to Combat the Low Float and High FDV Trend
May 17 World Largest Settlement System DTCC and Chainlink Completed Fund Tokenization Pilot Program
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open