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Gemini and Winklevoss Are Sued in SDNY Crypto Case As Silbert Cites Proposal

By Matthew Russell Lee, Patreon Maxwell book
BBC - Honduras - CIA Trial book - NY Mag

SDNY COURTHOUSE, Jan 2 – Gemini Trust Company, LLC was hit with a class action lawsuit between Christmas and New Years in the U.S. District Court for the Southern District of New York, where Inner City Press is covering it.  

Brendan Picha and Max J. Hastings, "on behalf of all others similarly situated," sued Gemini, Cameron Winklevoss and Tyler Winklevoss for "repeated false and misleading statements."

 Their complaint recounts how "on or about November 16, 2022, Gemini halted the Gemini Earn program and refused to honor any further investor redemptions."

 On January 3, Cameron Winklevoss published an open letter to Barry Silbert.

Silbert replied, "DCG did not borrow $1.675 billion from Genesis  DCG has never missed an interest payment to Genesis and is current on all loans outstanding; next loan maturity is May 2023  DCG delivered to Genesis and your advisors a proposal on December 29th and has not received any response."  

The SDNY case is Picha, et al. v. Gemini Trust Company, LLC, et al., 22-cv-10922 (Buchwald)


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