Barry Silbert, founder and chief executive officer of the Digital Currency Group (DCG), wrote to his shareholders on Tuesday to provide more information about the financial relationship with its crypto lending subsidiary Genesis Global Capital. This follows speculation the company is in financial difficulties and accusations by Cameron Winklevoss, the co-founder of crypto exchange Gemini, who says the company made false statements. 

Winklevoss has claimed his Gemini Earn customers are owed US$900 million by Genesis and in his latest Twitter comments on Tuesday accused Silbert and DCG of fraud. He also asked the Board of DCG to remove Silbert as CEO.

(By DANNY PARK)