In response to Genesis' formal application for Chapter 11 bankruptcy, Gemini co-founder Cameron Winklevoss tweeted that Genesis's application for bankruptcy is the first step for Gemini to recover Gemini Earn users' assets. Although Gemini has been trying to negotiate with Genesis, DCG (Genesis' parent company) and its CEO have refused to provide processing information fairly. This situation will change after Genesis files for bankruptcy protection. Under judicial supervision, Genesis will have to disclose information to let everyone know how things have come to this point.
Winklevoss said that Genesis' bankruptcy does not exempt DCG, DCG founder and CEO Barry Silbert and any other wrongdoers from liability. Gemini has been prepared to take direct legal action against DCG, its CEO and others, believing that DCG and these people should be held responsible for their fraudulent acts, which have caused property losses and injuries to more than 340,000 Earn users and other users deceived by Genesis. Unless DCG can provide a fair solution, Gemini will immediately file a lawsuit against DCG and its CEO. At the same time, Gemini will use all the tools available to the bankruptcy court to maximize the recovery of losses for Earn users. In addition to the money owed to creditors, Genesis, DCG and Barry owe them an explanation.
