Billionaire Winklevoss Outlines ‘Final Offer’ in Genesis Crypto Bankruptcy
07/04/2023 12:18
Billionaire Cameron Winklevoss, co-founder of the Gemini Trust Co. crypto platform, outlined what he termed a “best and final offer” for digital-asset lender Genesis Global Holdco’s bankruptcy restructuring.
Cameron Winklevoss
Photographer: Eva Marie Uzcategui/BloombergUpdated on
Billionaire Cameron Winklevoss, co-founder of the Gemini Trust Co. crypto platform, outlined what he termed a “best and final offer” for digital-asset lender Genesis Global Holdco’s bankruptcy restructuring.
The proposal is the “floor” that creditors will accept, Winklevoss said in an open letter on Twitter late Monday in New York. He said the deadline to agree a deal is 4 p.m. Eastern Time on July 6. The open letter was addressed to Barry Silbert, the founder of Genesis’ parent company Digital Currency Group.