the most crucial tweets of 2023
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What are the most significant crypto tweets of 2023? And how have they influenced the market? Let’s see below some of the most controversial and important cryptocurrency stories narrated through X, formerly Twitter. Crypto tweet: the legal battle between Genesis and Gemini Among the most influential crypto tweets of 2023, we certainly find the dispute regarding the legal battle between Genesis and Gemini. 5/ We have been preparing to take direct legal action against Barry, DCG, and others who share responsibility for the fraud that has caused harm to the 340,000+ Earn users and others duped by Genesis and its accomplices. — Cameron Winklevoss (@cameron) January 20, 2023 Specifically, we know that Genesis has filed a bankruptcy request in January 2023, triggering a series of legal disputes between the cryptocurrency lender and its partner Gemini. The Earn product loan from Gemini, provided by Genesis, promised high interest rates for lent cryptocurrencies. However, the situation took a different turn when Attorney General Letitia James filed a lawsuit in October against Gemini, Genesis, and parent company Digital Currency Group (DCG). The accusation claimed that the companies had deceived investors and concealed risks, leading to new and heated legal battles. Gemini responded with a lawsuit against Genesis in the same month, seeking to regain control of over 60 million shares of the Grayscale Bitcoin Trust (GBTC), pledged as collateral for loans. In November, Genesis counter-sued Gemini in an attempt to recover over $689 million, the amount withdrawn by customers during the “run on the banks” that led to Genesis’ Chapter 11 filing. As a result, 2024 is also shaping up to be a year of intense legal challenges for both parties involved. The union for cryptocurrencies: Ripple, Coinbase, and Grayscale together for the same cause The lawyers who challenge the SEC are the…
Filed under: News - @ January 1, 2024 8:22 am