Gemini Co-founder Criticizes DCG’s Response to Lawsuit
Gemini co-founder Cameron Winklevoss has publicly criticized Digital Currency Group (DCG) and Barry Silbert for their response to a lawsuit filed by Gemini over the failure of its subsidiary, Genesis. Winklevoss described the response as lacking credibility and accused DCG of evading accountability. He argued that DCG has a duty to correct inaccurate statements made by Genesis to Gemini.
Key Points:
- Gemini filed a lawsuit against DCG and Silbert over the failure of its bankrupt subsidiary, Genesis.
- Winklevoss criticized DCG’s denial of involvement in the Gemini Earn program, stating that it amounts to acknowledging responsibility.
- DCG filed a motion to dismiss the ongoing lawsuit, claiming it is part of a smear campaign by Gemini.
- Gemini is giving away 28,000 XRP tokens in an attempt to attract more users to its platform.
- The XRP giveaway allows users with verified Gemini accounts to claim a maximum of 20 XRP daily.
Gemini’s Hot Take:
Gemini’s co-founder Cameron Winklevoss believes that DCG’s response to the lawsuit is not credible and accuses the company of evading accountability. He argues that DCG has a duty to correct inaccurate statements made by its subsidiary, Genesis. Meanwhile, Gemini is trying to attract more users by giving away XRP tokens through a faucet program. Despite some challenges, Gemini is actively working to support the XRP token and the XRP Ledger.
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