Gemini Exchange's Winklevoss twins nix plans to list bitcoin exchange-traded fund

The Winklevoss twins are suing the board of administrators of Digital Currency Group (DCG) for allegedly deceiving traders into questioning the entirety turned into fine.

The twins, Cameron and Tyler Winklevoss, filed a lawsuit in New York Supreme Court on Wednesday searching for to get rid of Silbert from his function as CEO and chairman of DCG. They additionally requested that a choose block any similarly income of DCG inventory till the case is resolved.

The grievance identifies DCG as a personal company, however it`s a public shell that has been utilized by different traders to elevate cash for his or her personal companies. The Winklevosses see themselves as sufferers on this process.

The defendants have been knowingly duping traders with the aid of using falsely declaring that DCG turned into actively growing its enterprise plan, and falsely representing that DCG had enough capital to finance its development, reads the grievance. By doing so, Defendants defrauded Plaintiffs and different traders.