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.”

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.

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