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Genesis is trying to void Gemini Earn customers' claim over GBTC sale

From axios.com

A transaction misstep could wipe out the debt Genesis owes to Gemini if a bankruptcy judge ends up siding with the now-bankrupt crypto lending unit of Digital Currency Group. Why it matters: It is more likely than not that Gemini and its cofounders, Tyler and Cameron Winklevoss, will have to go to trial over the claims dispute. And that means that the 340,000 investors in its Earn program will be waiting a long time before they recover any funds, according to Mark Pfeiffer, bankruptcy attorney at Buchanan Ingersoll & Rooney. Details: When Genesis filed for Chapter 11 bankruptcy last week, court documents showed that ... (full story)

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  • Category: Fundamental Analysis