Gemini vs. DCG Is Heating Up. Could Gemini Force Genesis Into Bankruptcy? - Ep. 440

Published: Jan. 6, 2023, 8:30 a.m.

b'Ram Ahluwalia, CEO and cofounder at Lumida, talks about the ongoing dispute between Gemini and Digital Currency Group (DCG), specifically focusing on the actions and statements of DCG CEO Barry Silbert and Gemini\\u2019s cofounder Cameron Winklevoss. Ram discusses various aspects of the conflict, including the potential commingling of assets between DCG and its subsidiary Genesis and the options available to Gemini if DCG does not cooperate.\\n\\nShow highlights:\\n\\nhow Cameron Winklevoss\\u2019s tweets attempt to put Barry Silbert in the same class of actors as Celsius and BlockFi\\n\\nwhether the assets of DCG and Genesis are commingled\\n\\nwhat Gemini\\u2019s options are if DCG does not commit to cooperate\\n\\nwhether Gemini will file an involuntary petition for Genesis to enter chapter 11 bankruptcy\\n\\nwhy Barry\'s statement that DCG didn\'t borrow $1.675 billion from Genesis is "very surprising" to Ram\\n\\nwhy it is relevant whether Genesis has a liquidity issue or an insolvency one\\n\\nwhether a class-action lawsuit alleging Gemini\'s earn product is an unregistered security has any merit\\n\\nthe essential role of the $1.1 billion promissory note and whether Genesis will drag DCG into bankruptcy\\n\\nif DCG goes under, what would happen to Grayscale\\n\\nwhether Valkyrie is going to become the hero and save GBTC\\n\\nwhy DCG needs to accept the credit committee terms, according to Ram\\n\\nThank you to our sponsors!\\nCrypto.com\\n\\n\\nGuest\\nRam:\\n\\nTwitter\\n\\nRam Ahluwalia\\u2019s thread on Fir Tree and Valkyrie\\n\\nPrevious appearances on Unchained:\\n\\nGenesis May Be Facing Bankruptcy. Could It Take DCG Down With It?\\n\\nWhy Genesis Could Very Well Be Insolvent, Not Just Illiquid\\n\\n\\nPrevious coverage of Unchained on DCG and Genesis:\\xa0\\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:\\n\\nUnchained:\\xa0\\n\\n\\u200b\\u200bGemini Co-Founder Accuses DCG\\u2019s Barry Silbert of \\u2018Bad Faith Stall Tactics\\u2019\\xa0\\n\\nGenesis CEO Says Firm Needs More Time to Find a Solution\\n\\nGenesis Warns of Bankruptcy If Funding Plans Fail: Report\\n\\nProtos: Scoop: Larry Summers gives up advisory role at crypto firm DCG amid criticism\\n\\n\\nForbes: Gemini Faces Class-Action Lawsuit Over Unregistered Interest-Bearing Accounts\\n\\n\\nWSJ: Crypto Lender Genesis Asks Binance and Apollo for Cash\\n\\n\\nDecrypt:\\n\\nGrayscale Ethereum Trust Trades at Record 60% Low Against Ethereum - Decrypt\\n\\nThe Block: DCG CEO Barry Silbert updates shareholders, says company will emerge \'stronger\'\\n\\n\\nFT: Crypto broker Genesis owes Winklevoss exchange\\u2019s customers $900mn\\n\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'