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Cameron accused DCG of owing $1.675billion to Genesis, money that could be used to pay back Gemini, as well as other lenders to Genesis.
Digital Currency Group (DCG), troubled cryptocurrency broker Genesis's parent firm, announced the closure of its digital asset management subsidiary HQ Digital.
Source: https://www.forexlive.com/Education/old-altcoins-are-back-in-vogue-20230109/
Gemini is prepared to take “direct legal action against Barry, DCG, and others who share responsibility for the fraud that has caused harm to the 340,000+ Earn…
Silbert “has proven himself unfit to run DCG and unwilling and unable to find a resolution with creditors that is both fair and reasonable,” Winklevoss wrote.
Troubled crypto lending firm Genesis Global Capital, which is also a subsidiary of the Digital Currency Group (DCG), is likely to file for bankruptcy this week.