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Gemini considers forbearance after DCG defaults on a $630M payment

  • Post published:May 24, 2023

cryptocurrency exchange Gemini is considering a forbearance option against the Digital Currency Group. Gemini missed a $630 million repayment last week. The Gemini-DCG repayment saga originated after Genesis filed for Chapter 11 bankruptcy on Jan. 19. Gemini co-founder Cameron Winklevoss threatened to sue DCG and its CEO Barry Silbert over a $900 million loan repayment.

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