- Cameron Winklevoss wrote an open letter addressing Barry Silbert as a sequel to his previous letter.
- In the letter, Winklevoss reiterated the need for repaying the affected customers of the DCG subsidiary Genesis.
- John E Deaton suggested filing a lawsuit if Winklevoss is confident to prove his claims.
John E Deaton, the founder of the US crypto regulatory news platform CryptoLaw, suggested that Cameron Winklevoss file a lawsuit against Digital Currency Group (DCG), after scrutinizing his open letter to Barry Silbert. Deaton, the pro-XRP attorney, in his latest Twitter post, asserted that if Cameron could prove his claims, it was advisable to file a lawsuit against Silbert and his company.
I just read this open letter. As someone who files lawsuits, my question is, if Cameron can prove what he claims, why notjust file the damn suit? I learned a long time ago, in a moment of crisis, when integrity and honor mean everything, and someone shows you who he really is,… https://t.co/ICFq0rjFi7— John E Deaton (@JohnEDeaton1) July 4, 2023
Earlier today, Cameron Winklevoss, an American investor, shared a Twitter thread incorporating the screenshot of the open letter addressed to Barry Silbert, the CEO of the venture capital firm DCG. As a sequel to his previous letter, the current message held a similar beginning, which read, “Today marks 229 days since Genesis halted withdrawals.”
Highlighting the whopping $1.2 billion of assets trapped in the bankrupt crypto lender Genesis which DCG owns, Winklevoss reiterated the need for repaying the affected customers. The letter detailed the “culture of lies and deceit” that the DCG chief allegedly architectured in order to conceal the insolvency and financial condition of the company’s subsidiary.
The investor also questioned the “most oblique” response that he received from Silbert for his previous letter. It was on January 2, 2023, the investor wrote a letter addressing the huge debts the DCG owes to individuals and organizations, especially, the crypto platform Gemini. As per the letter, Genesis owes $900 million of funds to Gemini which the latter lent the former regarding the Gemini Earn program.
Deaton, following detailed scrutiny of the letter, pointed out the notion of apprehending a person if he shows “who he really is.”
I learned a long time ago, in a moment of crisis, when integrity and honor mean everything, and someone shows you who he really is, take him at his word and his actions.
Another notable response to Winklevoss’ letter included the comment of Ryan Selkis, the founder of the crypto analytic platform Messari, in which he lamented over the Securities and Exchange Commission’s (SEC) tactics to exploit retail shareholders and restructure bankers in an effort to cover DCG’s insolvency.
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