Cameron Winklevoss, a co-founder of the cryptocurrency exchange Gemini, has written an open letter to the board of directors of Digital Currency Group, or DCG in short, in which he asserts that CEO Barry Silbert is “unfit” to oversee the company. After failing to meet the Jan 8 ultimatum of resolving the $900 million withdrawal pause, the Gemini founder hit back at the DCG chief, demanding his immediate removal from the CEO post.

For most crypto firms, 2023 continues right from 2022, following the collapse of former crypto king Sam Bankman-Fried’s empire in November.

According to the latest edition of Arcane Research, the entire market appears to be stabilizing even though there’s still some uncertainty left.

Following accusations from Gemini co-founder Cameron Winklevoss in an open letter to Digital Currency Group CEO Barry Silbert, a report citing “people familiar with the matter” states that federal prosecutors from New York are scrutinizing transfers between Digital Currency Group and its subsidiary, Genesis Global Capital.

Crypto exchange Gemini's UK subsidiaries have missed the deadline to file their 2021 accounts by over three months.

Gemini Trust Co. Chief Operating Officer Noah Perlman has left the cryptocurrency firm founded by Tyler and Cameron Winklevoss as it seeks to navigate the recent turmoil in digital-asset markets, according to a person familiar with the matter. 

After the FTX collapse, everyone is wondering who is next. Will that be Barry Silbert’s DCG or Gemini, the Winklevoss Tweens crypto exchange?

Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In the letter, Winklevoss claimed that DCG owes $1.675 billion to Genesis. Silbert, however, responded on social media, denying the claim.

Gemini co-founder Cameron Winklevoss stated that DCG’s Barry Silbert has been acting in bad faith. However, Gilbert refuted the allegations and claimed that he has been cooperating with Gemini. 

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.