DCG’s Barry Silbert Pitched Genesis and Gemini Merger in 2022 in a Drastic Bid to Save the Lender

In an email from Oct. 20, 2022, Silbert described a lunch meeting with Winklevoss where he discussed the challenges facing Genesis and, by extension, the Gemini Earn platform, which operated in conjunction with the DCG-owned lender. Silbert suggested a merger of the two firms, which could later lead to the merged companies going public.