Cryptocurrency exchange Gemini continues to criticize Digital Currency Group’s (DCG) bankruptcy plan, claiming that DCG is trying to tempt its creditors into a bad deal.
“DCG continues its campaign of contrived, misleading, and inaccurate assertions in an attempt to gaslight creditors of the Genesis estate generally,” the filing states.
Gemini Firmly Opposes DCG’s Creditors Approach
In a recent court filing, Gemini alleges that DCG’s bankruptcy plan is an attempt to underpay its Genesis creditors through an unfavorable agreement.
“The DCG Statement must be seen for what it is: DCG’s attempt to bait the Gemini Lenders into accepting a deal that would allow DCG to pay far less than it owes.”
Read more: How to Choose The Right Crypto Exchange
Gemini vows to continue opposing DCG’s bankruptcy plan. It claims to do so in an effort to maximize the recovery of its customer’s lost assets.
“Gemini will continue fighting against DCG’s “starve them out” approach to ensure that DCG pays a just and adequate amount. The Gemini Lenders deserve more value from DCG, and there is more to get,” the filing states.
Strong Criticism of DCG In Recent Times
The crypto exchange asserts that DCG persists in denying its “central role” in the Genesis collapse. It further argues that DCG refuses to accept any responsibility a
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Author: Ciaran Lyons
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