Gemini: Barry Silbert’s DCG continues to ‘gaslight creditors’
Gemini, the crypto exchange founded by brothers Tyler and Cameron Winklevoss, continues to accuse Barry Silbert’s Digital Currency Group (DCG) of fraud. According to the court filing, filed on Sept. 15, Gemini claims that DCG is trying to avoid accountability for the damage inflicted on the victims of its Earn product. “DCG continues its campaign of contrived, misleading, and inaccurate assertions in an attempt to gaslight creditors of the Genesis estate generally, and the Gemini Lenders specifically, and escape responsibility for the harm it has caused them,” Gemini’s legal advisors, New York-based Hughes Hubbard & Reed LLP, stated. This legal action by Gemini is a direct response to a recent statement issued by DCG concerning a proposed agreement involving the latter, the debtors, and the Official Committee of Unsecured Creditors. Gemini’s allegations center on DCG’s creation of a $1.1 billion promissory note, which Gemini claims was an attempt t...