In the event that Digital Currency Group (DCG) and its CEO Barry Silbert do not make a “fair offer” to creditors like Gemini Earn users, Gemini co-founder Cameron Winklevoss has threatened to file a lawsuit.

According to Winklevoss’ Jan. 20 Twitter thread, Gemini is ready to take “direct legal action against Barry, DCG, and those who share culpability for the fraud that has harmed the 340,000+ Earn users and others fooled by Genesis and its partners.”

Genesis’ insolvency, an important milestone

Winklevoss said that retrieving the assets of Earn users depended on Genesis’ insolvency.

The firm will be subject to judicial monitoring as a result of the bankruptcy, forcing it to disclose the “machinations that drove us to this position,” he continued.

He countered that Silbert or DCG are not shielded by Genesis’ insolvency.

Added Winklevoss:

“We also think that Genesis, DCG, and Barry owe creditors an explanation in addition to paying back all of their money.

The bankruptcy court offers a crucial forum for that to take place.

The finest disinfectant is sunlight.

The $900 million that Genesis owes to Gemini Earn has been the subject of a public dispute between Winklevoss and Silbert.

The co-founder of the exchange demanded Silbert’s dismissal and accused him of using “bad faith stall tactics.”

Genesis refuted the assertion that it owes Gemini Earn customers $900 million, stating in court documents that the obligation to these clients is actually $765.9 million.

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