Genesis CEO Asks For More Time As Winklevoss Letter Sparks Controversy

On January 4, Derar Islim, the interim CEO of Genesis Trading, a cryptocurrency brokerage & lender that was forced to cease withdrawals in November 2022, stated that the company requires further time to work out its complex financial situation. This comes after Gemini’s co-founder Cameron Winklevoss penned an open letter highlighting the delay in resuming withdrawals for his Gemini exchange, which has a partnership with the company’s subsidiary DCG.