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mylesillidge
Journalist
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- Jul 29, 2021
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Gemini's Cameron Winklevoss accuses Genesis of "bad faith stall tactics"
The fallout from the collapse of Sam Bankman-Fried's crypto empire just got messier, with digital-asset entrepreneur Cameron Winklevoss accusing fellow businessman Barry Silbert of "bad faith stall tactics" and the intermingling of funds within his conglomerate that Winklevoss says have left $900 (R15 billion) million in customer assets needlessly in limbo since FTX's meltdown.
Gemini Trust Co., founded by Winklevoss and his twin brother, paused redemptions on a lending product called Earn, which offered investors the potential to generate as much as 8% in interest on their digital coins.
[Bloomberg]
The fallout from the collapse of Sam Bankman-Fried's crypto empire just got messier, with digital-asset entrepreneur Cameron Winklevoss accusing fellow businessman Barry Silbert of "bad faith stall tactics" and the intermingling of funds within his conglomerate that Winklevoss says have left $900 (R15 billion) million in customer assets needlessly in limbo since FTX's meltdown.
Gemini Trust Co., founded by Winklevoss and his twin brother, paused redemptions on a lending product called Earn, which offered investors the potential to generate as much as 8% in interest on their digital coins.
[Bloomberg]