The most interesting crypto storyline to emerge in 2023 so far is the public spat that's broken out between Gemini's Cameron Winklevoss and Digital Currency Group's Barry Silbert. The two men are billionaires and among the longest-established and best-known figures in the industry who, until recently, appeared to be chummy business allies.
The falling out between Silbert and Winklevoss, who runs Gemini along with his twin brother, Tyler, began in November when the trading firm Genesis—one of DCG's several subsidiaries—stopped issuing redemptions to clients in the wake of FTX's collapse. That decision left customers on Gemini's Earn platform, which lets retail customers lend Bitcoin and crypto for up to 8% returns, in the lurch.
