Per a Bloomberg report, Digital Currency Group and its CEO Barry Silbert are moving to try to dismiss the lawsuit filed by their former partner, crypto exchange Gemini. The two entities have been in a legal battle since early 2023 due to its “Earn Program,” which collapsed with Genesis.
Barry Silbert Make His Move
In a document filed with the US Southern District of New York, Barry Silbert and the Digital Currency Group (DCG) requested Judge Lewis Liman to drop the case based on the Federal Rules of Civil Procedure.
According to Bloomberg, Silbert, and the crypto company claimed that Gemini has allegedly failed to present evidence to support the fraud charges. Furthermore, Silbert claims their former partners, Cameron Winklevoss and Tyler Winklevoss, engage in “character assassination.”
Failed company Genesis provided services to Gemini, allowing it to support its “Earn Program” and provide its users with yield for…
