Barry Silbert, Bitcoin Proponent, Hits Back at Cameron Winklevoss At Gemini On Genesis Funds

Barry Silbert, the founder and CEO at Digital Currency Group (DCG), responded to an open letter that addressed DCG’s $1.675 million debt. Cameron Winklevoss, co-founder of Gemini, raised the issue in an open letter he posted on Twitter on January 2.
Cameron’s Open Letter to Silbert
Cameron had earlier today tweeted against the DCG head, highlighting the delay in stopping Genesis withdrawals. He also addressed the issue facing 340,000 Earn customers, who are still waiting for withdrawals to resume. His digital assets have accumulated to more than $900million.


Earn Update: An Open Letter to @BarrySilbert
Cameron Winklevoss (@cameron), January 2, 2023

Trending Stories

Barry Silbert’s Remark
Silbert, on the other hand, focused his tweet on rejecting missing payments and assuring that DCG was current on all loans and that it had never missed any interest payments. The next payment is due in May 2023. The DCG CEO stated that the next payment would come due in May 2023.
Read More: Why is Solana (SOL), a Price Rally of 12% in a Day?

Pega Pool: Eco-friendly Bitcoin Mining Pool. For clients who are early access, the pool fees will be reduced by 50% permanently Register now

He also pointed out that the efforts of his company to provide a solution for Gemini users on December 29th, did not go unnoticed, and are still not acknowledged by Genesis’s team.

Winklevoss’ Jan 8 Ultimatum
Winklevoss pointed out that Silbert’s actions were unacceptable and regrettable considering that Genesis was trusted by many customers. Silbert has been rebuffed by the co-founder of Gemini cryptocurrency exchange. He must address the matter by January 8th.


Genesis made a significant decision about withdrawals on November 16, 2022, just after the collapse of the FTX empire. The lending division of the largest institutional digital asset manager announced that it would temporarily stop redemptions and reopen loans. Although speculation was rampant about Genesis’ insolvency, it was later denied by the crypto firm.
Also read: The Top Crypto Telegram Channels of 2023

What is causing the Solana (SOL), Price Rally 12% in a Day?
Terra Classic (LUNC), Price Rises 5%. Here’s Why the Rally Will Last?
Why XRP Prices Are Not Rallying? Ripple CTO clarifies
Just-In: Bitcoin Price Low Fast. Time To Buy The Dip.
Crypto Twitter Responds to Bitcoin Core Developer Losing More Than 200 BTC
Bitcoin Price Prediction: A Complete Report on What to Expect in 2023
Breaking: Dogecoin Foundation Announces the Development Fund, DOGE Price Rises
Five Ways to Spot Fake NFT Collection
Shiba Inu Coin – SHIB Burn Jumps 13,198% in 24 Hours, Is it Shibarium Related
Ripple’s XRP price in Danger Zone, Will it Go Up Or Down Harder?

About the author

The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.

Crypto Stories
View all