Gemini’s Winklevoss Demands Removal of DCG CEO Barry Silbert
- Winklevoss wants return of $900 million to Gemini Earn users
- Silbert’s Genesis unit stopped reimbursements in November
Cameron Winklevoss
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
Gemini crypto exchange co-founder Cameron Winklevoss called for the board of Digital Currency Group to remove Barry Silbert as chief executive officer, in the latest twist of a running dispute with a onetime business partner.
Some 340,000 Gemini users earned interest on lending out their crypto through Genesis, a unit of DCG. They are now unable to access about $900 million in funds after Genesis stopped reimbursements in November amid contagion from the bankruptcy of the FTX exchange.