Cameron Winklevoss Proposes Final Offer to Resolve $1.5B Debt of Collapsed Genesis

Cameron Winklevoss, co-founder of the Gemini exchange, proposed a prepayment and restructuring of Genesis’s approximately $1.5 billion debt in a tweet, calling it a final offer. The tweet follows months of negotiations and mediation about the debt of the bankrupt crypto lending and interest platform Genesis to users of the exchange’s Earn program. An Open Letter to Barry Silbert: This is the Final Call Winklevoss shared an “Open Letter” on his personal Twitter account today aimed at Barry Silbert, founder of Digital Currency Group (DCG) which owns Genesis and the major digital asset management company, Grayscale. In his letter, Winklevoss complained about DCG’s delays in finding a satisfactory plan to repay Genesis creditors, including Gemini’s Earn program customers, and noted DCG’s failure to make a $630 million payment to Genesis. The Gemini co-founder tweeted a document titled “Best and Final Offer – July 3, 2023,” outlining a plan proposing a […] The post Cameron Winklevoss Proposes Final Offer to Resolve $1.5B Debt of Collapsed Genesis appeared first on COINTURK NEWS.