{"id":39318,"date":"2023-01-02T15:41:45","date_gmt":"2023-01-02T15:41:45","guid":{"rendered":"http:\/\/www.brandon.ddtest.info\/multisite-test\/cameron-winklevoss-calls-out-barry-silbert-on-1-675b-debt-latter-fires-back\/"},"modified":"2023-01-02T15:41:45","modified_gmt":"2023-01-02T15:41:45","slug":"cameron-winklevoss-calls-out-barry-silbert-on-1-675b-debt-latter-fires-back","status":"publish","type":"post","link":"http:\/\/www.brandon.ddtest.info\/multisite-test\/cameron-winklevoss-calls-out-barry-silbert-on-1-675b-debt-latter-fires-back\/","title":{"rendered":"Cameron Winklevoss Calls Out Barry Silbert on $1.675B Debt, Latter Fires Back"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>In an open letter to Barry Silbert, Gemini co-founder Cameron Winklevoss said that Digital Currency Group owes Genesis approximately $1.675 billion.<\/p>\n<ul>\n<li>Cameron Winklevoss <a href=\"https:\/\/twitter.com\/cameron\/status\/1609913051427524608\/photo\/1\" data-wpel-link=\"external\" target=\"_blank\" rel=\"noopener\">shared<\/a> an open letter to Barry Silbert \u2013 the founder of Digital Currency Group \u2013 on Twitter.<\/li>\n<li>On behalf of many people, he argued that Genesis \u2013 a subsidiary of DCG \u2013 owes $900 million to them.<\/li>\n<li>Winklevoss argued that the two companies are \u201cbeyond commingled.\u201d<\/li>\n<li>Furthermore, he alleged that:<\/li>\n<\/ul>\n<blockquote>\n<p>To be clear, this mess is entirely your own making. Digital Currency Group (DCG) \u2013 of which you are the founder and CEO \u2013 owes Genesis (its wholly owned subsidiary) approx. $1.675 billion. This is money that Genesis owes to Earn users and other Creditors. You took this money \u2013 the money of schoolteachers \u2013 to fuel greedy share buybacks, illiquid venture investments, and kamikaze Grayscale NAV trades that balooned the fee-generating AUM of your Trust\u2026<\/p>\n<\/blockquote>\n<ul>\n<li>Silbert was quick to respond, saying:<\/li>\n<\/ul>\n<blockquote>\n<p>DCG did not borrow $1.675 billion from Genesis.<\/p>\n<p>DCG has never missed an interest payment to Geneiss and is current on all loans outstanding; next loan maturity is May 2023.<\/p>\n<p>DCG delivered to Genesis and your advisors a proposal on December 29th and has not received any response.<\/p>\n<\/blockquote>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><center><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Sponsored)<\/span><\/center><br \/>\n<b>Binance Free $100 (Exclusive): <a href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" rel=\"nofollow\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (<a href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>).<\/p>\n<p><b>PrimeXBT Special Offer: <a href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" rel=\"nofollow\" data-wpel-link=\"internal\">Use this link<\/a> to register &amp; enter POTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiZWh0dHBzOi8vY3J5cHRvcG90YXRvLmNvbS9jYW1lcm9uLXdpbmtsZXZvc3MtY2FsbHMtb3V0LWJhcnJ5LXNpbGJlcnQtb24tMS02NzViLWRlYnQtbGF0dGVyLWZpcmVzLWJhY2sv0gFpaHR0cHM6Ly9jcnlwdG9wb3RhdG8uY29tL2NhbWVyb24td2lua2xldm9zcy1jYWxscy1vdXQtYmFycnktc2lsYmVydC1vbi0xLTY3NWItZGVidC1sYXR0ZXItZmlyZXMtYmFjay8_YW1w?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an open letter to Barry Silbert, Gemini co-founder Cameron Winklevoss said that Digital Currency Group owes Genesis approximately $1.675 billion. Cameron Winklevoss shared an open letter to Barry Silbert \u2013 the founder of Digital Currency Group \u2013 on Twitter. On behalf of many people, he argued that Genesis \u2013 a subsidiary of DCG \u2013 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":39319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/39318"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=39318"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/39318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/39319"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=39318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=39318"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=39318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}