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Gemini has accused Digital Currency Group CEO Barry Silbert of fraud after allegedly misrepresenting the financials of his company. The accusations follow a dispute over the return of $900 million in assets owed to Gemini Earn\u2019s users. Karim Dandashy, CFA and portfolio manager at XBTO Group, discusses everything about the ongoing drama between Genesis, its parent company DCG, and Gemini.\xa0\n\nShow highlights:\n\nthe fraud accusations against DCG CEO Barry Silbert\n\nall the details disclosed in Barry's response\n\nwhether Genesis will file for chapter 11 bankruptcy protection\n\nthe meaning of the $1.1 billion promissory note being not callable\n\nthe EDNY and SEC investigation on transfers between DCG and a subsidiary \u2013 potentially Genesis\n\nwhether the 1% interest rate charged for the loan was suitable considering the nature of Genesis' business\n\nwhether DCG could sell its venture investments to plug the hole\n\nwhy Bitvavo rejected an offer from DCG to return 70% of the $300 million owed to them\n\nwhat Karim would do if he was leading DCG\xa0\n\n\nThank you to our sponsors!\nCrypto.com\n\nGuest\nKarim:\n\nTwitter\n\nLinkedIn\n\n\nPrevious coverage of Unchained on DCG and Genesis:\xa0\n\nGemini vs. DCG Is Heating Up. Could Gemini Force Genesis Into Bankruptcy?\n\n\u2018The Last Big Whale\u2019: Why the Crypto Contagion of 2022 Eventually Hit Genesis\n\nAdam Cochran on Why Crypto Prices Will Be Down Bad for the Next Six Months\n\nIs the Collapse of Crypto Lending Over, or Is It Just Starting?\n\n\nThe Chopping Block: SBF Wants to Win in the Court of Public Opinion. Will He?\n\n\n\nGenesis/Gemini:\n\n\nUnchained:\xa0\n\nGemini Ends Its Earn Program and Calls for Barry Silbert\u2019s Ouster\n\nDCG Under Investigation by DOJ and SEC: Report\n\nGenesis CEO Says Firm Needs More Time to Find a Solution\n\n\u200b\u200bGemini Co-Founder Accuses DCG\u2019s Barry Silbert of \u2018Bad Faith and Stall Tactics\u2019\xa0\n\nGenesis Warns of Bankruptcy If Funding Plans Fail: Report\n\n\nFinancial Times: DCG\u2019s crypto broker Genesis owes creditors more than $3bn\n\n\n\nProtos: Scoop: Larry Summers gives up advisory role at crypto firm DCG amid criticism\n\n\n\nCNBC: Crypto firms Genesis and Gemini charged by SEC with selling unregistered securities\n\n\n\nForbes: Gemini Faces Class-Action Lawsuit Over Unregistered Interest-Bearing Accounts\n\n\nDecrypt:\n\nDutch Bitcoin Exchange Bitvavo Says DCG\u2019s Payback Plan \u2018Not Acceptable\u2019\xa0\n\n\nSam Andrew\u2019s thread\n\n\n\nRam Ahluwalia on DCG CEO\u2019s update to shareholders\n\n\n\nRyan Selkis on the definition of the current assets\n\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices