Freezing of earnings on the Gemini cryptocurrency exchange. Gemini co-investigator Cameron Winklevoss tweeted that the crypto exchange has established an ad hoc committee with other creditors to resolve Earn’s suspension of purchases.
The law firm of Kirkland & Ellis was retained as counsel. Gemini has established an ad hoc committee with other stakeholders to organize and prepare for the resolution of the product that received the crisis of the crypto exchange – which suspended the redemption of customers on Nov.16. The update came from Gemini founder Cameron Winklevoss, who tweeted that law firm Kirkland & Ellis “has been retained as a recommendation by the compensation committee to file a lawsuit on its behalf.”
Winklevoss also said that recovering workers’ compensation “is our top priority and we are working on it quickly.”
The tweets follow reports earlier this month that crypto brokerage Genesis and its parent company, Digital Currency Group, owed Gemini clients $900 million, according to the Financial Times. Gemini will try to get the money back.