DCG Chief Barry Silbert Is Playing Dumb: Gemini’s Cameron Winklevoss
- Gemini co-founder Cameron Winklevoss has accused DCG’s Chief Executive Barry Silbert of playing dumb.
- Winklevoss has indicated that DCG’s motion to dismiss Gemini’s fraud lawsuit is baseless.
- The Gemini co-founder believes that DCG’s defense will not hold up in front of a jury.
- Gemini sued the Digital Currency Group last month for allegedly defrauding customers of the Gemini Earn Program.
Cameron Winklevoss has responded to the Digital Currency Group’s motion to dismiss the fraud lawsuit filed by Gemini last month. DCG’s filing on August 10 claimed that Winklevoss’ crypto firm had failed to support the fraud alleged against the crypto conglomerate and its founder Barry Silbert. In response, Winklevoss, who serves as Gemini’s president, has accused DCG and its chief of playing dumb in order to avoid responsibility.
Good Luck In Front Of A Jury: Gemini’s Cameron Winklevoss
The Digital Currency Group’s motion to dismiss Gemini’s lawsuit highlighted that the complaint named DCG as the defendant, despite it having no direct business dealing with Cameron Winklevoss’ crypto exchange. The crypto conglomerate added that Gemini’s allegations pertaining to its transaction with its subsidiary, Genesis Global Capital.
Silbert’s firm accused the Winklevoss twins of mounting a character assassination campaign on Twitter, to deflect the blame from the stranded customers of Gemini Earn Program. DCG also called out Gemini for avoiding responsibility, having actively promoted Genesis as a “sophisticated market participant” to its customers.
In an X (formerly Twitter) post earlier today, Winklevoss described DCG’s motion to dismiss as a brief written by a law school student making up baseless legal defenses. According to the Gemini founder, the motion was in line with Silbert’s playbook of refusing to take responsibility, playing dumb, and attempting to avoid accountability using technicalities.
Good luck making these arguments to a jury of your peers. See you in court.
Winklevoss also took issue with DCG’s claim of owing no direct duty to Gemini to correct the allegedly false statements made by Genesis. “When a company you own says you wrote a $1.1 billion check that you know you didn’t write, yes, you have a duty to correct this. Sorry, but this doesn’t even pass the giggle test,” the Gemini founder added.
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