Rising to fame through their valiant attempt at taking down the almighty Mark Zuckerberg, the Winklevoss twins have since ventured into the wonderful world of crypto, scoping a new archnemesis in their crosshairs: DCG CEO Barry Silbert.
Founded by Cameron and Tyler Winklevoss, Gemini is an American cryptocurrency exchange that held significant funds with Genesis Trading, which collapsed following FTX's demise. Now, Gemini is suing DCG, and DCG CEO Barry Silbert personally, for fraud.
DCG owns Genesis, which Gemini clients loaned clients' crypto holdings to through its "yield product." The Winklevii allege DCG and Silbert committed fraud and also helped Genesis to commit fraud.
Jon Reiter
Most recently, the brothers found themselves debunking claims about a mysterious $282 million withdrawal last August from Genesis. Labelling them as "pure fantasy" and setting the record straight that the money was not Gemini corporate funds or the personal funds of its co-founders or their investment firm, Cameron and Tyler refuted New York Post claims that they had "secretly withdrew” the funds months before the exchange suspended customer withdrawals and left Gemini Earn customers with frozen funds.
To learn more about the brothers and their views on the crypto landscape, Blockhead sat down with the Winklevii in Singapore.
