The news comes as the crypto industry is still recovering from the liquidity crisis caused by the implosion of FTX back in November
The most recent news coincided with an open letter written by Cameron and Tyler Winklevoss, founders of cryptocurrency exchange Gemini, accusing DCG and Genesis of employing"bad-faith stall tactics" to avoid repaying their debts. The two reportedly owe Gemini users around $900 million.
Barry Silbert, CEO of DCG responded by denying these allegations while reasserting they are in no danger of facing cash flow problems or liquidity issues.Alex Dovbnya Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].
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