TechFlow news — Documents submitted by DCG to a judge this week revealed that in late 2022, DCG CEO Barry Silbert had lunch with Gemini co-founder Cameron Winklevoss to discuss challenges facing Genesis and the Gemini Earn platform, suggesting a potential merger between Genesis and Gemini to avoid an impending collapse.
At the time, Silbert wrote in an email: "I was very interested in the idea of a closer partnership between Genesis, Gemini, and DCG, including a potential combination of companies. I made it clear to him that the path we were on could lead to Genesis bankruptcy, which would put Gemini's deposits (and Gemini's business) at significant risk. He took it surprisingly well and recognized that we needed to work together to mitigate this risk."
