Cryptocoins News / EthereumWorldNews - 9 months ago
Summary:
Barry Silbert, DCG, and Genesis knowingly committed fraud against Gemini customers, the lawsuit filed today alleges.Gemini insists that Genesis and DCG owe over $700 million to Earn users since late last year.The suit is the latest deve...
Bitcoin News / Bitcoin.com - 9 months ago
According to Cameron Winklevoss, the co-founder of the crypto exchange Gemini, a lawsuit will be filed on July 7 against Barry Silbert and the Digital Currency Group if the latter two fail to accept creditors’ “best and final offer....
Bitcoin News / Bitcoinist - 9 months ago
A recent dispute within the industry has seen Cameron Winklevoss, a prominent investor, and co-founder of the crypto platform Gemini, engage in public discourse with Barry Silbert, CEO of the Digital Currency Group (DCG).
The argument centers on Gen...
Bitcoin News / Bitcoinist - 9 months ago
In a recent open letter addressed to Barry Silbert, the CEO of Digital Currency Group (DCG), Cameron Winklevoss, co-founder of the popular cryptocurrency exchange Gemini, has reignited the ongoing saga surrounding the alleged fraudulent behavior of D...
Cryptocoins News / The Cointelegraph - 9 months ago
In an open letter, Cameron Winklevoss slammed DCG’s Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn customers. Fo...
Cryptocoins News / EthereumWorldNews - 9 months ago
Cameron Winklevoss has sent an open letter to the CEO of the Digital Currency Group, Barry Silbert.& The Gemini co-founder accused Silbert of committing fraud by concealing key info related to Genesis’ financial health.& Winklevoss issued an...
More / Bitcoin Reddit - 9 months ago
Gemini co-founder Cameron Winklevoss wrote an open letter to DCG founder Barry Silbert about the fraudulent practices of DCG and Genesis against creditors. the complex debt relationship between FTX, Genesis, and 3AC gives me a headache. For the Best&...
Cryptocoins News / Blockchain - 10 months ago
In an unfolding legal battle against two major cryptocurrency exchanges, Coinbase and Binance, the United States Securities and Exchange Commission (SEC) has declared various tokens as securities. (Read More)
Cryptocoins News / The Cointelegraph - 11 months ago
Digital Currency Group CEO Barry Silbert argued in a letter to Judge Stefan Underhill that both cases share the same facts, legal issues and near-identical class definitions....
Cryptocoins News / EthereumWorldNews - 11 months ago
Summary:
TradeBlock will shutter its institutional trading platform come May 31, per a DCG announcement.Bloomberg reported that parent company Digital Currency Group (DCG) arrived at the decision amidst the hostile crypto regulatory atmosphere i...
Bitcoin News / Bitcoin.com - 11 months ago
In the midst of the financial dispute between crypto exchange Gemini and Digital Currency Group (DCG), Gemini has alleged that DCG failed to make a payment of around $630 million that was due last week. In response, Gemini has stated that it may exte...
Cryptocoins News / The Cointelegraph - 11 months ago
Gemini is planning to file a new motion with the court seeking the return of $1.1 billion of digital assets from DCG-owned Genesis. Troubled cryptocurrency exchange G...
Cryptocoins News / The Cointelegraph - 11 months ago
The settlement plan proposed in February would give Genesis creditors 80% recovery of funds, but many raised demands, leading to the mediation. Digital Currency Group...
Cryptocoins News / The Cointelegraph - 1 year ago
Under the initial settlement plan, Genesis creditors were expected to receive 80% recovery of funds lost due to the bankruptcy. Troubled digital currency company Genes...
Cryptocoins News / EthereumWorldNews - 1 year ago
Digital Currency Group’s (DCG) Foundry will soon stop offering free services to its customers. The Bitcoin mining firm will begin charging a pool fee from its members starting April 19, 2023. Foundry has provided its mining pool services for free si...
Bitcoin News / Bitcoin Magazine - 1 year ago
The largest mining pool by hash rate share will no longer offer its services for free, according to a notice sent to clients. Foundry, the Bitcoin mining arm of Digital Currency Group, will stop providing its s...
Cryptocoins News / The Cointelegraph - 1 year ago
The crypto conglomerate reported that falling crypto prices and the fallout from Three Arrows Capital’s loan default to Genesis affected its results. Cryptocurrency ve...