Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Coinpedia Fintech News on May 22, 2023, 12:35:25 PM
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Crypto exchange Gemini accuses Digital Currency Group (DCG) of failing to make a $630 million payment to subsidiary Genesis Global Capital. Gemini is in talks to prevent default and CEO Cameron Winklevoss plans to sue DCG over a $900 million loan.
Genesis filed for bankruptcy, facing allegations of commingled funds and loan repayment disputes. Both Gemini and DCG are accused of selling unregistered securities by the SEC.