Gemini’s Cameron Winklevoss Mocks DCG’s Lawsuit Reply

2023-8-12 14:00

Gemini co-founder Cameron Winklevoss criticized Digital Currency Group and Barry Silbert’s response to its lawsuit over the Gemini Earn program.

On August 11, Winklevoss described the response as “a brief written by a law school student conjuring up technical legal defenses in a vacuum.”

Winklevoss Criticizes DCG For Denying Role in Earn Program

In July, Gemini filed a lawsuit against DCG and Silbert over the failure of its bankrupt subsidiary, Genesis. The bankrupt lender could not honor its obligations to its creditors, including the Gemini Earn program, due to its exposure to the FTX’s collapse.

Read More: Top 11 Crypto Communities To Join in 2023

Cameron asserted that DCG’s explanation regarding its non-involvement in the Earn program amounted to clearly acknowledging its responsibility. The exchange CEO pointed out that DCG’s argument, suggesting it holds no obligation to rectify purportedly inaccurate statements from Genesis to Gemini, lacks credibility when subjected to scrutiny.

“You’ve got to be kidding me, When a company you own says you wrote a $1.1 billion dollar check that you know you didn’t write, yes, you have a duty to correct this,” he wrote.

Winklevoss alleged that this response followed Silbert’s pattern of evading accountability, feigning ignorance, and exploiting technicalities to evade legal obligations. He added that the response “completely ignores the reality of the situation in a comical way.”

Navigate the crypto market effortlessly with our XRP price predictions.

On August 10, DCG filed a motion to dismiss the ongoing lawsuit brought forth by Gemini. The cryptocurrency investment firm framed the lawsuit as an extension of a public relations smear campaign initiated by Gemini’s co-founders.

DCG further stated that despite both companies’ corporate relationship, Gemini failed to attach Genesis as a defendant in the case. Due to this, it wants the court to dismiss all of the charges with prejudice.

Gemini Plans 28K XRP Giveaway

Meanwhile, Gemini is trying to attract more users to its platform by giving away 28,000 XRP tokens in one week. In an August 11 tweet, Gemini announced the launch of an XRP faucet program that will give away 4,000 XRP daily until August 18.

Throughout the period, the faucet would open by 3:00 pm EST until the day’s allocation was depleted. The giveaway allows people with verified Gemini accounts to claim a maximum of 20 XRP daily.

The exchange has taken steps to attract greater participation by relisting the XRP token and incorporating support for the XRP Ledger (XRPL) blockchain. Despite this, Gemini encountered minor challenges with the digital asset. Its value soared to $50 on the platform due to liquidity issues.

Read More: 11 Best Crypto Portfolio Trackers in 2023

The post Gemini’s Cameron Winklevoss Mocks DCG’s Lawsuit Reply appeared first on BeInCrypto.

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gemini winklevoss lawsuit cameron mocks reply dcg

Источник: beincrypto.com

gemini winklevoss → Результатов: 126


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2018-12-13 15:29


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New York regulators have given the green light to Tyler and Cameron Winklevoss’ first cryptocurrency, a stablecoin attached to their trading platform Gemini. Solving Stablecoin ‘Trust Problems’ As Forbes reports on September 10, the token, the Gemini Dollar, will have the backing of investment bank State Street, which takes custody of the fiat dollars it is backed by.

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Братья Уинклвосс создали Ассоциацию виртуальных биржевых товаров

Криптовалютные биржи Gemini, Bitstamp, BitFlyer и Bittrex будут совместно бороться с манипуляциями на рынке цифровых активов в рамках работы Ассоциации виртуальных биржевых товаров (Virtual Commodity Association, VCA), созданной братьями Кэмероном и Тайлером Уинклвосс (Cameron, Tyler Winklevoss).

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Winklevoss’ Gemini Teams Up with 3 Big Exchanges to Form Self-Regulatory Group

Four cryptocurrency exchanges, including Gemini – the one founded by the Winklevoss brothers, is purportedly setting up a working group to bring new industry standards. Virtual Commodity Association Working Group (VCAWG) The Winklevoss twins’ cryptocurrency exchange Gemini is teaming up with three other exchanges to form a new self-regulatory organization (SRO) dubbed the Virtual Commodity Association Working Group.

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This Is A Sign Of Things To Come, There’s Nine More Bitcoin ETF’s To Be Approved

This weeks decision by the United States Securities & Exchange Commission (SEC) to delay the decision on the pending SolidX-VanEck Bitcoin ETF application had caused a storm in the markets. Likewise, a few weeks ago, we saw a similar thing happen within the markets when the SEC rejected a Bitcoin ETF application made by the Winklevoss twins and Gemini.

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Interview: Bitcoin ETF Approval Unlikely in 2018 but Maybe 2019

Several cryptocurrency investors and analysts believe the first Bitcoin exchange-traded fund (ETF) will not hit the US markets until 2019, regardless of the involvement of VanEck and Cboe. Why is 2018 Unlikely? Last week, the US Securities and Exchange Commission (SEC) officially rejected the Bitcoin ETF proposal of the Winklevoss twins, who operate Gemini, a […] The post Interview: Bitcoin ETF Approval Unlikely in 2018 but Maybe 2019 appeared first on CryptoSlate.

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