In an launch letter connected to a tweet on Monday, Cameron Winklevoss offered Barry Silbert with a “finest and remaining offer,” threatening to sue the Digital Currency Crew founder and the firm itself if terms are now not agreed on by 4 pm ET on July 6.

Winklevoss’ proposed deal entails a complete of $1.465 billion to be paid out by DCG’s bankrupt lending arm Genesis in tranches payable at varied intervals and a forbearance charge payable on July 21. The funds will be denominated in BTC, ETH and U.S. dollars.

“I write to notify you that your games are over. As well to to dragging out a resolution, they bear ballooned professional prices to over $100 million, all of which bear long previous to lawyers and advisors at the expense of collectors and Kind users,” wrote Winklevoss in the letter.

Winklevoss also made a bunch of accusations against Silbert, alleging that he dedicated fraud by knowingly lying to collectors, alongside side Gemini, in the summer of 2022, main every person to mediate that DCG had absorbed the $1.2 billion in losses that Genesis incurred from Three Arrows Capital’s (3AC) collapse.

In actuality, Winklevoss claims that DCG entered a “bogus long-dated promissory existing” to dig itself out of a $1.2 billion gap in its balance sheet. He claimed that Silbert has made every effort to delay the mediation direction of and advance at the terms of a proposed resolution opinion in portray to lift money to pay down the $630 million mortgage.

“It takes a varied roughly particular person to owe $3.3 billion dollars to hundreds of thousands of parents and mediate…that they’re some roughly victim. Now not even Sam Bankman-Fried used to be succesful to such delusion,” said Winklevoss.