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Gemini Exchange Seeks to Retrieve $900 Million from Crypto Lender Genesis

Summary by Ground News
Cryptocurrency exchange Gemini is trying to recover the $900 million it had paid in loan to crypto broker Genesis and its parent company Digital Currency Group. The Winklevoss twins' crypto exchange is seeking to retrieve the funds after Genesis was wrongfooted by last month's failure of Sam Bankman-Fried's FTX crypto platform.

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Gemini Exchange Seeks to Retrieve $900 Million from Crypto Lender Genesis

Gemini is trying to recover the $900 million it had paid in loan to crypto broker Genesis and its parent company Digital Currency Group (DCG).

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Gemini Exchange Seeks to Retrieve $900 Million from Crypto Lender Genesis

Source: a video screenshot. Cryptocurrency exchange Gemini is trying to recover the $900 million it had paid in loan to crypto broker Genesis and its parent company Digital Currency Group (DCG).  According to a Financial Times report, the Winklevoss twins’ crypto exchange is seeking to retrieve the funds after Genesis was wrongfooted by last month’s failure […]

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Cryptonews.com broke the news on Sunday, December 4, 2022.
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