Introduction

The Breakdown is a daily podcast on macro Bitcoin and the big picture power shifts remaking our world. Today we look at Gemini's lawsuit against DC Gico and Barry Silber personally in New York court. The complaint tells the whole story but let's start here. When Gemini notified Genesis it would be terminating the earn program in October 2022 Barry reached out to set up a meeting to introduce Gemini to continue earn. He did this knowing Genesis was massively insolvent. Cameron continues Barry claimed that Genesis faced only a timing issue, a lie that hid the gaping hole in Genesis's balance sheets. Again, contrary to statements made to Genesis depositors. Silbert disclosed none of those highly material facts regarding