Dec 3 (Reuters) - Crypto broker Genesis and its parent company Digital Currency Group (DCG) owe customers of the Winklevoss twins' crypto exchange Gemini $900 million, the Financial Times reported on Saturday.
Does Genesis owe $900 million to the Winklevoss twins' Gemini exchange?
Crypto broker Genesis owes $900 million to the Winklevoss twins’ Gemini exchange. A report Saturday (Dec. 3) by the Financial Times (FT) says brothers Tyler and Cameron Winklevoss are trying to recover the funds after Genesis was impacted last month by the collapse of the FTX exchange.
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Will Gemini recoup funds from Genesis & DCG?
Gemini, which runs a crypto lending product in partnership with Genesis, has now formed a creditors' committee to recoup the funds from Genesis and its parent DCG, the report added.
