Cointime

Cameron Winklevoss Threatens Legal Action Against DCG CEO After Genesis Bankruptcy

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Gemini CEO Cameron Winklevoss threatened to sue Digital Currency Group CEO Barry Silbert over the repayment of a $900 million loan in a tweet published just minutes after the crypto lender’s Chapter 11 filed for Chapter 11 bankruptcy late Thursday night.The tweet comes after Winklevoss waged a Twitter war against DCG to recover the loan amid his exchange’s own struggles.

Winklevoss called the lender’s bankruptcy a “crucial step” toward recovering Gemini users’ assets. But, he still intends to sue Silbert and Genesis’ parent company, DCG, unless Silbert makes a "fair offer" to its creditors.

(By Elizabeth Napolitano)

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