Gemini's Cameron Winklevoss accuses Genesis boss of stalling on $900 million loan payments, in another hit to crypto credibility
"For the past six weeks, we have done everything we can to engage with you in a good faith and collaborative manner in order to reach a consensual resolution for you to pay back the $900 million that you owe," wrote Winklevoss, who runs the crypto exchange with his twin brother Tyler.
The public dispute between two major crypto businesses threatens to further undermine faith in the sector after the FTX implosion rocked the entire crypto industry and exposed firms to trouble. But in November, Genesis halted client withdrawals after the sudden collapse of Sam Bankman-Fried's FTX empire. DCG's crypto broker had outstanding loans to FTX's trading arm Alameda Research,The public dispute between two major crypto businesses threatens to further undermine faith in the sector after the FTX implosion rocked the entire crypto industry and exposed firms to trouble.
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