Gemini co-founder Cameron Winklevoss criticized Digital Currency Group and Barry Silbert’s response to its lawsuit over the Gemini Earn program.

On August 11, Winklevoss described the response as “a brief written by a law school student conjuring up technical legal defenses in a vacuum.”

Winklevoss Criticizes DCG For Denying Role in Earn Program

In July, Gemini filed a lawsuit against DCG and Silbert over the failure of its bankrupt subsidiary, Genesis. The bankrupt lender could not honor its obligations to its creditors, including the Gemini Earn program, due to its exposure to the FTX’s collapse.

Cameron asserted that DCG’s explanation regarding its non-involvement in the Earn program amounted to clearly acknowledging its responsibility. The exchange CEO pointed out that DCG’s argument, suggesting it holds no obligation to rectify purportedly inaccurate statements from Genesis to Gemini, lacks credibility when subjected to scrutiny.

“You’ve got to be kidding me, When a company you own says you wrote a $1.1 billion dollar check that you know you didn’t write, yes, you have a duty to correct this,” he wrote.

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Author: Oluwapelumi Adejumo

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