#Gemini threatens a lawsuit against DCG and founder Barry Silbert if they fail to accept the offer by July 6.
Gemini Earn users are still in limbo with over $1.2 billion trapped in Genesis, #Winklevoss says.
Cameron Winklevoss, co-founder of crypto exchange Gemini, issued a “final offer” to Barry Silbert, founder of Digital Currency Group (DCG), to repay a total debt of $1.46 billion or risk a lawsuit.
In an open letter published Monday on #Twitter, Winklevoss said that the “games are over” — with Gemini Earn users still stuck in limbo with over $1.2 billion of assets stuck in Genesis Global, which #DCG owns.
Winklevoss demanded DCG make payments totaling $1.465 billion, including the US$630 million payment that was due in May. As part of the offer, a payment of $275 million should be made by July 21.