• DCG has called recent allegations by Gemini co-founder Cameron Winklevoss as ‚publicity stunts‘
• DCG argued that the allegations were a deflection of blame from parties responsible for marketing and operating Gemini Earn
• DCG has maintained that it will pursue all available legal remedies in response to the „malicious, fake, and defamatory attacks“ made by the Gemini co-founder
The Digital Currency Group (DCG) has responded to the recent allegations made by Gemini co-founder Cameron Winklevoss against the DCG, calling them “desperate and unconstructive publicity stunts.” In a statement released on Jan. 10, DCG claims that the allegations made by Cameron were a deflection of blame from the parties responsible for marketing and operating the Gemini Earn program.
Cameron had alleged that Genesis Global and its parent company DCG, led by Barry Silbert, had conspired to defraud about 340,000 Gemini Earn users. According to the allegations, Barry, Genesis, and DCG had lied to Gemini and its users that DCG had invested about $1.2 billion in Genesis to continue its operations, while Genesis had actually lost a similar amount after 3AC collapsed.
DCG, however, has argued that the allegations by Cameron were baseless, and claimed that the Gemini co-founder was attempting to deflect the blame from himself and Gemini. Furthermore, the firm has maintained that it will pursue all available legal remedies in response to the “malicious, fake, and defamatory attacks” made by the Gemini co-founder.
The statement released by DCG also noted that the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) are currently in the process of investigating the 3AC collapse, and highlighted that the firm will cooperate with the agencies in their investigations.
DCG concluded its statement by reiterating its commitment to the cryptocurrency industry and its mission of building a better financial system for the world. The firm also noted that it will continue to invest in leading crypto projects, and provide guidance and support to the industry’s most promising entrepreneurs.