Gemini gives DCG a $1.46b debt repayment ultimatum
Gemini co-founder Cameron Winklevoss has proposed a final offer, mandating Digital Currency Group’s (DCG) Barry Silbert and his embattled company to start reimbursing Gemini Earn creditors by July 21 or face a lawsuit. There appears to be a glimmer of hope for victims of the collapsed Gemini Earn program, as Cameron Winklevoss has now given Barry Silbert and his Digital Currency Group (DCG) an ultimatum to pay up the debt owed Earn users or risk a lawsuit. Best and Final Offer pic.twitter.com/r7jyhJyKGg — Cameron Winklevoss (@cameron) July 4, 2023 In a lengthy open letter posted on Twitter during the late hours of July 3, Cameron proposed a final offer, which mandates the DCG team to make a forbearance payment of $275 million on July 21, a $355 million debt tranche in the next two years and an $835 million debt tranche due in five years. You might also like: US law firm files class action suit against Gemini over failed Earn product Gemini’s Earn lending a...