Liquidity problems for crypto company Genesis: even Gemini steps in to recover assets
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As a result of the problems currently plaguing the crypto market, Genesis and its parent company Digital Currency Group (DCG), a committee of creditors, which includes cryptocurrency exchange Gemini, has submitted a plan to resolve liquidity problems and provide a path for asset recovery. Crypto company Genesis and DCG owe $900 million Cameron Winklevoss, president and co-founder of Gemini, on the issue of Genesis and DCG recently stated: “Houlihan Lokey has presented a plan on behalf of the Creditors’ Committee to address Genesis and DCG’s liquidity issues and provide an asset recovery pathway.” Genesis and its parent company DCG reportedly
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