Cameron Winklevoss Asks Digital Currency Group CEO to Pay Off $900M in Debt

Cameron Winklevoss, founder of US cryptocurrency exchange Gemini, has published an open letter to Digital Currency Group (DCG) CEO Barry Silbert stating that it has been 47 days since Earn was suspended for 340,000 users for a total of $900 million.

According to the document:

“For the past six weeks, we have done everything we can to engage with you in a good faith and collaborative manner in order to reach a consensual resolution for you to pay back the $900 million that you owe.”

According to Winklevoss, Silbert is “practicing unfair delay tactics in the process.”

The landing product Earn offered investors income of up to 8% per annum on deposits made. In mid-November, Gemini suspended payments from the program coinciding with the financial problems of the lead partner, Genesis Trading’s OTC platform.