There's a new twist in the bitter feud between crypto baron Barry Silbert and the Winklevoss twins. The sides have been beefing over how to help more than 300,000 Gemini Earn customers who have had their funds frozen since January. Now, Silbert's conglomerate DCG claims those customers will get back 95% to 110% of their funds if enough people sign on to its plan.
The background to all this is complicated, but the short version is that the Winkelvoss twins operated Gemini Earn, a platform where users could earn up to 9% lending their crypto. Things were going fine until Genesis, a DCG subsidiary that provided financing to Gemini Earn, filed for bankruptcy, leaving customers high and dry. The Winklevii blame Silbert for this mess, claiming Genesis went under because of sweetheart loan deals that it made to its parent company.
