DCG And Gemini Ink A Plan: Users To Receive All Their Crypto?
Per a report from TheBlock, Digital Currency Group (DCG) reached an agreement with crypto exchange Gemini.
The two parties have been negotiating for months after the collapse of crypto lender Genesis, a DCG subsidiary, and the Gemini Earn program.
Related Reading: Gemini Hits Back At SEC Lawsuit With Dismissal Filing The event left thousands of users without funds, leading to several lawsuits and the destruction of the relationship between the Digital Currency Group and the trading venue.
The founders of Gemini, Cameron and Tyler Winklevoss, were public about their negotiations and their objective of making their clients whole.
DCG And Gemini Could Exceed Expectations The report claims that the partners proposed a new creditor agreement to return “all of the crypto held by the platform,” when it filed for bankruptcy protection.
According to the report, the new strategy aims to compensate clients with the following strategy and methodology: (…