Barry Silbert, the founder and CEO of Digital Forex Group, responded to an open letter by Cameron Winklevoss on Wednesday addressing DCG’s supposed $1.675 billion debt.
Silbert’s tweet centered on denying any missed funds, assuring that DCG had by no means missed an curiosity fee and was present on all loans excellent, with the subsequent fee due in Could 2023.
He additionally talked about his firm’s efforts to suggest a decision for Gemini Earn customers by Dec. 29, that are but to be acknowledged.
Silbert’s tweet got here in response to the letter printed by Winklevoss, which sheds gentle on the rising issues of 340,000 Earn customers who lent a complete of $900 million out to DCG.
Many of those individuals have invested their life financial savings and youngsters’s faculty funds, the letter says.
After Genesis, a subsidiary of DCG, suspended its withdrawal in November, it turned clear that Silbert’s alleged “unhealthy religion stall ways” had been taking a severe toll on these affected, in response to the letter, Winklevoss pressured. Regardless of being given a number of proposals, Silbert has to date refused to work with Earn customers to seek out an appropriate resolution.
Winklevoss views Silbert’s conduct as unacceptable and unconscionable in gentle of how a lot individuals have entrusted him with. The Gemini co-founder challenges him to take accountability for his personal actions and requests him to publicly decide to resolving this problem by Jan. 8.