Digital Currency Group (DCG) and Gemini explored a merger before Genesis filed for Chapter 11 bankruptcy protection in December 2022. DCG boss Barry Silbert proposed the merger to Gemini as contagion threatened the crypto lending space. A court motion revealed Silbert's proposal to Gemini's co-founder, Cameron Winklevoss, during a lunch meeting in Oct 2022.
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A court motion to dismiss NYAG's lawsuit against Digital Currency Group reveals DCG boss Barry Silbert proposed a merger between Genesis and Gemini to the latter’s co-founder, Cameron Winklevoss, during a lunch meeting in Oct 2022. https://t.co/rHHqPxXcfa
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In 2022, @DCGco boss Barry Silbert proposed a merger between lender Genesis and Winklevoss-owned exchange @Gemini as contagion threatened to engulf the crypto lending space. By @IanAllison123. https://t.co/dELQDKxHxs
It filed for Chapter 11 bankruptcy protection in December 2022. https://t.co/b8MbVwVHSO
Email Shows #Crypto Firms Digital Currency Group and Gemini Explored Merger Before Genesis Bankruptcy https://t.co/zHxHdsFq4a