Reporte: Genesis Owes Gemini Customers $900 Millón, Exchange Is Attempting to Recoup Assets

According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to FT’s sources.

Report Claims Genesis Owes the Winklevoss-Operated Exchange Gemini $900 Millón

FT informes that the centralized crypto asset exchange created by the Winklevoss brothers is owed $900 million and reportedly Genesis Global Capital is the debtor. People familiar with the matter told FT that Gemini was in the process of trying to recover the funds from Genesis and the company’s parent firm Digital Currency Group (DCG).

The report further alleges that Genesis is still attempting to solicit funds from investors to ease financial burdens. While reports noted that Genesis was trying to get $1 billion in funding, FT details that it’s been cut down to roughly $500 millón. The news follows the report published by Barron’s author Joe Light that noted Genesis is reportedly being probed by state securities regulators.

Es más, el noviembre. 22, 2022, the New York Times (NYT) reportado that Genesis Global Capital hired a restructuring adviser. NYT detailed that Moelis & Company was hired by Genesis to “explore options including a potential bankruptcy,” according to three people familiar with the matter. FT’s report about the issues between Genesis and Gemini indicates that FT’s sources say Gemini is in the midst of creating a creditors’ committee.

LEER  Renault se asocia con The Sandbox para llevar experiencias automotrices al metaverso

Last month, Gemini revealed that customers using the platform’s Earn program could not withdraw funds. “We are working with the Genesis team to help customers redeem their funds from the Earn program as quickly as possible,” Gemini dijo el noviembre. 16, 2022. Gemini insisted that customer funds on Gemini could be redeemed at a 1:1 rate at any time and the exchange’s other products and services were normal.

Gemini’s message was published the same day Genesis Global Capital detallado that it was pausing withdrawals and new loan originations. DCG founder Barry Silbert detailed in a letter to shareholders el noviembre. 22 that it was important to note the lending arm of Genesis has had “no impact on Genesis’ spot and derivatives trading or custody businesses, which continue to operate as usual.” Silbert also reassured shareholders that his firm will “continue to be a leading builder of the industry.”

Etiquetas en esta historia
$900 millón, Bankruptcy, Barron’s, Barry Silbert, Cameron and Tyler Winklevoss, DCG, DCG CEO, Digital Currency Group, Gemini, Gemini EARN, Gemini Genesis, genesis, Genesis Gemini, Genesis Global Capital, Reglamento, Reguladores, restructuring, restructuring options, Valores, Shareholders, state securities regulators, Winklevoss-Operated Exchange

What do you think about Genesis reportedly owing Gemini $900 million in funds? Háganos saber lo que piensa sobre este tema en la sección de comentarios a continuación..

jamie redman

Jamie Redman es el líder de noticias en Bitcoin-Tidings.com News y un periodista de tecnología financiera que vive en Florida.. Redman ha sido un miembro activo de la comunidad de criptomonedas desde 2011. Él tiene una pasión por Bitcoin., código fuente abierto, y aplicaciones descentralizadas. Desde septiembre 2015, Redman ha escrito más de 6,000 artículos para Bitcoin-Tidings.com Noticias sobre los protocolos disruptivos que surgen hoy.




LEER  El gigante de los juegos Ubisoft menciona Blockchain en un reciente informe de ganancias

Créditos de imagen: Shutterstock, pixabay, Wiki Commons

Descargo de responsabilidad: Este artículo es solo para fines informativos.. No es una oferta directa o solicitud de una oferta para comprar o vender, o una recomendación o respaldo de cualquier producto, servicios, o empresas. Bitcoin-Tidings.com no proporciona inversión, impuesto, legal, o asesoramiento contable. Ni la empresa ni el autor son responsables, directa o indirectamente, por cualquier daño o pérdida causado o presuntamente causado por o en relación con el uso o la confianza en cualquier contenido, bienes o servicios mencionados en este artículo.

Leer Descargo de responsabilidad