Ang Crypto Exchange Gemini ay nagsabi na ang Investment Giant DCG ay Gumagamit ng Mga Mapanlinlang na Assertion sa Bankruptcy Plan
Digital asset exchange Gemini says venture capital firm Digital Currency Group (DCG) is engaging in deceptive practices to avoid fulfilling its full obligations to the creditors of its crypto lending unit Genesis. In July, Gemini filed a lawsuit against DCG after Genesis went bankrupt while owing $735 million worth of assets to users of Gemini Earn, a program that enabled the exchanges customers to lend their cryptocurrencies and earn interest. On September 13th, DCG proposed an agreement offering unsecured creditors, including Gemini Earn users, to recover a significant portion of their funds. In a new court filing on Wednesday, Gemini says DCGs proposed recovery rates are “misleading at best and deceptive at worst.” Genesis says DCG is trying to shortchange Gemini lenders as the proposed deal would allow the firm to pay less than what it owes.









