The Friday Focus: Issue 68

Top stories

• Gemini head Winklevoss escalates DCG spat, demands removal of Silbert

• Barry Silbert defends DCG in response to Gemini's Winklevoss

• DCG’s crypto broker Genesis owes creditors more than $3bn

• Nexo's Bulgaria office raided by police

• Coinbase Lays Off 950 Employees Amid Market Conditions

• Amazon (AWS) Partners up With Ava Labs to Scale Blockchain Adoption

The Digital Currency Group (DCG), Genesis and Gemini saga continues this week. In a new public letter, Gemini’s Winklevoss demands the removal of DCG CEO Barry Silbert, accusing DCG of public lies and fraud. Silbert publicly defended DCG and Genesis, trying to debunk several accusations. Genesis reportedly owes creditors over $3 billion, and DCG is now considering VC portfolio sales to solve its issues. Gemini is now officially ending the Earn program they had set up with Genesis. In the middle of the public dispute, SEC charged Gemini and Genesis with unregistered securities offering related to Gemini’s Earn program. Great timing, right?