Winklevoss's $1.5B 'Final Offer' Shakes Genesis Debt Talks

Cameron Winklevoss, co-founder of Gemini, has tweeted a "final offer" in the debt-restructuring talks over bankrupt digital-asset firm Genesis, proposing $1.5 billion in forbearance payments and fresh loans. Winklevoss expressed frustration with delays from Digital Currency Group (DCG), the owner of Genesis, in coming up with a satisfactory repayment plan for Genesis creditors, including customers of Gemini's Earn program. The proposed plan includes payments and loans denominated in dollars, bitcoin, and ether. Winklevoss warned of potential lawsuits and default consequences if the deal is not agreed upon by the deadline.