Cameron Winklevoss, a Co-Founder of Gemini, has accused DCG of stalling their efforts to claim funds worth approximately $1.7 billion. The funds have been on hold reportedly since mid-November. 

The accusation cites that Barry Silbert, the Head of Digital Currency Group, has acted in bad faith stall tactics despite Gemini trying its best to engage with DCG to resolve the issue. Winklevoss has written an open letter and published it on Twitter. The open letter seeks answers from Silbert why customers’ funds worth more than $900 million are inaccessible.

Winklevoss has further said in the open letter that Gemini has been trying to engage with DCG for the past six months, adding that Gemini has done everything to engage in good faith and collaborative manner to reach a consensual resolution while preserving the business interests.

Gemini and DCG work to resolve the issue. Cameron has sought to collectively work on the case by January 08, 2023. A response from DCG is awaited.

(By Scott Cook)