Summary
TLDR: Cameron Winklevoss was interested in merging Gemini with Genesis before it failed, according to court documents. Digital Currency Group’s Barry Silbert suggested a potential partnership to avoid Genesis bankruptcy. Gemini has sued Genesis after customer withdrawals were frozen. The NY Attorney General is seeking $3 billion in restitution for investors in a lawsuit against Gemini, Genesis, DCG, Silbert, and former Genesis CEO.
Key Points
1. Crypto mogul Cameron Winklevoss was interested in merging Gemini with Genesis before it failed, according to court documents.
2. Digital Currency Group (DCG) boss Barry Silbert mentioned a potential closer partnership between Genesis/Gemini/DCG, including a merger of the companies in an email filed with the Supreme Court of the State of New York.
3. Gemini and Genesis never merged, leading to lawsuits and legal actions against both companies, including an update from the New York Attorney General seeking $3 billion in restitution for investors.