Gemini Users File Class-Action Request Against Genesis and DCG: CoinDesk
Three users of Crypto exchange Gemini's Earn program have reportedly filed a request for class-action arbitration against Genesis Global Capital and Digital Currency Group.
Gemini and DCG Work To Resolve Frozen Funds
Cameron Winklevoss, a Co-Founder of Gemini, has accused DCG of stalling their efforts to claim funds worth approximately $1.7 billion. The funds have been on hold reportedly since mid-November.
Su Zhu Gets Called Out by the Community As He Fires Off Accusations Against DCG
As liquidity issues surround the Digital Currency Group (DCG), Three Arrows Capital (3AC) founder Su Zhu made a Twitter thread containing allegations against DCG and FTX. However, the founder immediately got called out by the crypto community for blaming others and not taking accountability.
3AC Co-Founder Su Zhu Alleges DCG and FTX Conspired to Attack LUNA and stETH
Su Zhu, a co-founder of the bankrupt fallen hedge fund Three Arrows Capital, launched a tirade on Twitter over the Terra collapse. Zhu blamed the Digital Currency Group and FTX for working together to attack Terra’s LUNA token and stETH. The latter incident cascaded into 3AC becoming insolvent.
Gemini Exec. Calls Out DCG’s Silbert For Delay in Solving Liquidity Issues at Genesis
Cameron Winklevoss has penned an open letter to Digital Currency Group’s Barry Silbert requesting a commitment towards finding a solution to Gensis’ liquidity issues by January 8th.
Genesis-DCG Loan Leads to Class Action Arbitration Case From Gemini Clients
Three Gemini Earn users have filed a request for class action arbitration against Genesis Global Capital and Digital Currency Group in response to Gemini suspending its Earn redemption program due to Genesis freezing withdrawals. DCG is also the parent company of CoinDesk.
3AC Founder Says DCG and FTX Conspired for Terra Collapse, Calls Criminal Fraud
Last year witnessed some of the most dramatic collapses in the history of crypto. It all started with the first collapse of Terra’s (LUNA) ecosystem in May 2022 which eroded $40 billion of investors’ wealth in a week’s time.
Gemini’s Winklevoss, DCG’s Silbert Spar Over Frozen Funds on Genesis
Gemini co-founder Cameron Winklevoss accused Digital Currency Group head Barry Silbert of "bad faith stall tactics" and comingling funds at his conglomerate in a pointed open letter posted on Twitter early Monday that sought answers to why more than $900 million of his customers's funds are still inaccessible.
CEO：DCG Did Not Borrow $1.675 Billion From Genesis
Barry Silbert , Founder/CEO of DCG replying to Cameron Winklevoss：
Genesis and DCG Creditor Committee Propose Plan for Asset Recovery
Houlihan Lokey, an investment and financial services firm, presented a liquidity resolution plan on behalf of the creditor committee for the crypto broker Genesis and its parent company, DCG.
