Genesis tells clients it needs more time on financial woes after Gemini demands action By Cointelegraph
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Derar Islim, interim CEO of crypto market maker and lender Genesis, has sent a letter to clients updating them on the company’s efforts to prop up its finances and resume withdrawals and new lending. The letter, sent on Jan. 4, comes two days after a Twitter exchange between Barry Silbert, CEO of Genesis’ owner the Digital Currency Group, and Cameron Winklevoss, cofounder of the Gemini crypto exchange, in which Winklevoss criticized Genesis’ handling of its problems.
“We believe was can arrive at a solution,” Islim wrote in the letter, according to a report in Bloomberg on Dec. 4. Nonetheless, Islim said:
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Derar Islim, interim CEO of crypto market maker and lender Genesis, has sent a letter to clients updating them on the company’s efforts to prop up its finances and resume withdrawals and new lending. The letter, sent on Jan. 4, comes two days after a Twitter exchange between Barry Silbert, CEO of Genesis’ owner the Digital Currency Group, and Cameron Winklevoss, cofounder of the Gemini crypto exchange, in which Winklevoss criticized Genesis’ handling of its problems.
“We believe was can arrive at a solution,” Islim wrote in the letter, according to a report in Bloomberg on Dec. 4. Nonetheless, Islim said:
Continue Reading on Coin Telegraph
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