View full page at cryptocraft.com

 

Silbert, Winklevoss Twins End Crypto Spat Over Bankrupt Genesis

From bnnbloomberg.ca

The squabble between crypto billionaires Cameron and Tyler Winklevoss and Digital Currency Group’s Barry Silbert appears to be over, paving the way for a resolution of one of the industry’s biggest bankruptcies. An emerging accord may end a months-long impasse that boiled over into a public spat and left 340,000 of the twins’ Gemini Trust Co. customers in limbo. DCG and creditors representing $2 billion worth of claims against its bankrupt Genesis lending division, including Gemini, reached agreement on a plan that includes DCG restructuring some $1.7 billion of its debt and other obligations owed to Genesis. DCG ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis