Gemini's Winklevoss: Bold Move with $1.47 Billion Final Offer to DCG
Alt headlines – Gemini Cameron Winklevoss Bets Big with $1.47 Billion Final Bid for DCG Following extensive negotiations, Cameron Winklevoss , one of the co-founders of Gemini exchange, reached a point where he felt compelled to take action. Today, he resorted to Twitter to publicly disclose his “final offer” in the ongoing discussions concerning the restructuring of Genesis , a digital asset firm currently facing bankruptcy. Winklevoss’s communication indicated that Barry Silbert, the founder of Digital Currency Group [DCG], will have to pay up a significant debt of $1.46 billion. Failure to address this debt could result in potential legal ramifications. In an open letter, the Gemini co-founder emphasized that there is no room for further delays or negotiations. In a court filing submitted in Jan. 2023, Genesis disclosed a list of claims totaling over $3 billion owed to its top 50 creditors. Winklevoss stated that a significant portion of this am...