Gemini CEO Cameron Winklevoss demanded the removal of Digital Currency Group CEO Barry Silbert in an open letter, escalating an ongoing spat over the frozen funds of the exchange's Earn users.
, Winklevoss had accused Silbert of stalling efforts to reclaim funds for Gemini Earn users, accusing the head of"bad faith stall tactics" and comingling funds at his conglomerate.
The letter lays out what the company believes happened in relation to DCG's involvement with failed hedge fund 3AC. Winklevoss said that Silbert failed to take action to absorb the shock following 3AC's collapse.He also demanded the removal of Silbert as CEO, saying there is"no path forward" with him in control of the company.This is a developing story.
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