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Winklevoss Twins' Gemini Sues Crypto Conglomerate DCG, Citing Fraud.

Authors :
ishmael, stacy-marie
Kharif, Olga
Nicolle, Emily
Source :
Bloomberg.com; 7/7/2023, pN.PAG-N.PAG, 1p
Publication Year :
2023

Abstract

(Bloomberg) -- Gemini Trust Co., the digital-asset exchange founded by the billionaire Winklevoss brothers, filed a lawsuit against Digital Currency Group Inc. and its chief executive officer Barry Silbert, alleging "fraud and deception" stemming from a failed lending venture between the two firms. Gemini said in the lawsuit that it was seeking to recover "damages and losses" the crypto exchange incurred "as direct result of DCG's and Silbert's false, misleading, and incomplete representations and omissions to Gemini.". [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
164780038