Winklevoss Twins’ Gemini Sues Crypto Conglomerate DCG, Citing Fraud
- Lawsuit is intended to recover Gemini funds from Silbert’s DCG
- The filing was made in the New York County Supreme Court
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Gemini Trust Co., the digital-asset exchange founded by the billionaire Winklevoss brothers, filed a lawsuit against Digital Currency Group Inc. and its chief executive officer Barry Silbert, alleging “fraud and deception” stemming from a failed lending venture between the two firms.
The lawsuit represents the latest salvo in an months-long public dispute between the Winklevoss twins and Silbert over hundreds of millions of dollars in frozen funds related to Genesis Global Holdco, a now-bankrupt DCG subsidiary. The suit was filed in the County of New York Supreme Court on Friday.