Barry Silbert Says It’s Challenging When Someone Questions His ‘Integrity’
Barry Silbert, CEO of DCG has reacted to Cameron Winklevoss, co-founder of crypto exchange Gemini’s open letter about Sibert being ‘unfit’, to run his organization.
Amid calls for resignation, the CEO took to his Twitter and explained that ‘the most influential crypto media platform’ DCG has backed a group of emerging fund managers, crypto protocols, & cutting-edge blockchain projects.
He also said that he misses ‘ fighting in the trenches with fellow entrepreneurs’ and explained that he found it motivating in the early days of his career. Barry added that the past year has been the most difficult year of his life.
He said, “This past year has been the most difficult of my life. Bad actors & blow-ups have wreaked havoc on our industry, w/ ripple effects extending far & wide. Although DCG, our subsidiaries, & many of our portfolio companies are not immune to the effects of the present turmoil.”
Barry called it challenging when his integrity and intentions were questioned after he dedicated and poured his 10 years into building the company. He said,
“DCG is committed to remaining at the forefront as we strive to build a better financial system. As this new year unfolds, we are hunkering down with our “lean and mean” mindset, and we are making meaningful changes to position the firm for long-term success.”
Silbert had come under attack from Winklevoss after Winklevoss claimed that Silbert was unfit to manage Digital Currency Group (DCG) in an open letter to the board of directors.No strategy will be workable, according to Winklevoss, as long as Silbert continues to lead DCG.
In addition, the letter from the co-founder of Gemini claimed that asset inflation resulted from recursive exchanges between the Grayscale Bitcoin Trust and the hedge firm Three Arrows Capital.
“This is another desperate and unconstructive publicity stunt from @cameron to deflect blame from himself and Gemini, who are solely responsible for operating Gemini Earn and marketing the program to its customers,” DCG said in a tweet.