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News

Gemini And DCG Now Affirmative “Ponzi Cesspools” By Roubini

January 3, 2023 - Around 2 mins mins to read

Key Points:

  • Nouriel Roubini recently tweeted that cryptocurrency exchange Gemini and venture capital firm Digital Currency Group are both “scammy Ponzi cesspools.”
  • Silbert has left $900 million in customer assets needlessly in limbo since FTX’s collapse.
  • Silbert retorted that DCG is current on all outstanding loans and that DCG did not borrow money from Genesis. Additionally, on December 29th, DCG suggested resolving the conflict.
In response to growing tensions between the two businesses, economist Nouriel Roubini recently tweeted that cryptocurrency exchange Gemini and venture capital firm Digital Currency Group are both “scammy Ponzi cesspools.”
Gemini And DCG Now Affirmative 22Ponzi Cesspools22 By Roubini

The pot calling the kettle black. Crypto catfights about crappy shitcoins among shady characters. They will all implode into their scammy Ponzi cesspools Gemini’s Cameron Winklevoss Slams Crypto Exec Barry Silbert Over Frozen Funds

Barry Silbert, a fellow businessman from DCG, has come under fire from Gemini’s Cameron Winklevoss for allegedly using “bad faith stall tactics” and mixing up funds within his conglomerate. According to Winklevoss, Silbert has left $900 million in customer assets needlessly in limbo since FTX’s collapse. Winklevoss asks Silbert to promise to find a solution for Gemini Earn customers, claiming the $1.675 billion borrowed by DCG from Genesis was used for other commercial objectives.

Silbert retorted that DCG is current on all outstanding loans and that DCG did not borrow money from Genesis. Additionally, on December 29th, DCG suggested resolving the conflict.

The most recent crypto-related dispute brings to light the intricate web of relationships among leading companies in the sector. “Crypto catfights about terrible sh*tcoins among dubious persons” was how Roubini described the conflict.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News

DCG

Gemini

Ponzi Cesspools

Roubini

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Gemini And DCG Now Affirmative “Ponzi Cesspools” By Roubini

Key Points:

  • Nouriel Roubini recently tweeted that cryptocurrency exchange Gemini and venture capital firm Digital Currency Group are both “scammy Ponzi cesspools.”
  • Silbert has left $900 million in customer assets needlessly in limbo since FTX’s collapse.
  • Silbert retorted that DCG is current on all outstanding loans and that DCG did not borrow money from Genesis. Additionally, on December 29th, DCG suggested resolving the conflict.
In response to growing tensions between the two businesses, economist Nouriel Roubini recently tweeted that cryptocurrency exchange Gemini and venture capital firm Digital Currency Group are both “scammy Ponzi cesspools.”
Gemini And DCG Now Affirmative 22Ponzi Cesspools22 By Roubini

The pot calling the kettle black. Crypto catfights about crappy shitcoins among shady characters. They will all implode into their scammy Ponzi cesspools Gemini’s Cameron Winklevoss Slams Crypto Exec Barry Silbert Over Frozen Funds

Barry Silbert, a fellow businessman from DCG, has come under fire from Gemini’s Cameron Winklevoss for allegedly using “bad faith stall tactics” and mixing up funds within his conglomerate. According to Winklevoss, Silbert has left $900 million in customer assets needlessly in limbo since FTX’s collapse. Winklevoss asks Silbert to promise to find a solution for Gemini Earn customers, claiming the $1.675 billion borrowed by DCG from Genesis was used for other commercial objectives.

Silbert retorted that DCG is current on all outstanding loans and that DCG did not borrow money from Genesis. Additionally, on December 29th, DCG suggested resolving the conflict.

The most recent crypto-related dispute brings to light the intricate web of relationships among leading companies in the sector. “Crypto catfights about terrible sh*tcoins among dubious persons” was how Roubini described the conflict.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Annie

Coincu News