The popular US crypto exchange Gemini, founded by the Winklevoss brothers, declared that Digital Currency Group (DCG) delayed its payment of $ 630 million last week.
DCG, the giant investor of the crypto money industry, said that Gemini was due last week. 630 million dollars could not make the payment. In a statement made by Gemini, Genesis and with roofing company DCG negotiations continue when specifying a DCG tolerance whether to provide they evaluated specified.
If a deferral agreement cannot be reached, Genesis and DCG will have more to pay the assets. choose a strict process will be done. Genesis, preparing for such a situation, Friday, May 19 day of exclusivity to propose a new plan by filing a petition with the bankruptcy court. request an extension he did.
On the other hand, in the statement made by Gemini, Earn under the program 232,000 payable to the customer $1.1 billion Return of the property was requested. Cryptocurrency exchange, on the subject “Gemini Main ClaimsHe stressed that he is preparing.
With the demolitions starting in November 2022, Gemini has $2.8 billion crypto loan platform In a statement he made just after suspending withdrawals, the “Earn” program stop withdrawals had announced. The teams, which have been working to save customer assets and companies since then, came face to face in the process.