The co-founder of US-based exchange giant Gemini is announcing his exchange will sue the parent company of bankrupt crypto lender Genesis.
Yesterday, Genesis Global Capital, LLC filed for Chapter 11 bankruptcy after weeks of speculation that they could do so.
The Gemini co-founder and his twin brother Tyler Winklevoss have been in a public social media spat with Genesis’ parent company, Digital Currency Group (DCG), and its CEO Barry Silbert for weeks over the halting of Gemini’s Earn program, which was funded by Genesis. They have even gone so far as to call on DCG to fire Silbert.
Now, in response to the Chapter 11 bankruptcy filing, Winklevoss has taken to social media again, claiming that the filing is actually good for Gemini Earn customers seeking to retrieve their assets.