⚡️ Gemini forms ad hoc committee with creditors amid Earn freeze
Gemini formed an ad hoc committee with other creditors to coordinate and advocate for a resolution to the crypto exchange's struggling Earn product — which paused customer redemptions on Nov. 16. Winklevoss also claimed that returning user funds "is our highest priority and we are operating with the utmost urgency."
The update comes from Gemini's co-founder Cameron Winklevoss, who tweeted that law firm Kirkland & Ellis "has been engaged as counsel by the Creditor Committee to advocate on its behalf.". owe $900 million to Gemini customers, according to the Financial Times. Gemini is reportedly attempting to recover the funds.According to a CoinDesk report on Sunday, Genesis owes its creditors at least $1.8 billion.
Source
https://t.me/Bitcoin_NewsTg
Crypto Mint
Gemini formed an ad hoc committee with other creditors to coordinate and advocate for a resolution to the crypto exchange's struggling Earn product — which paused customer redemptions on Nov. 16. Winklevoss also claimed that returning user funds "is our highest priority and we are operating with the utmost urgency."
The update comes from Gemini's co-founder Cameron Winklevoss, who tweeted that law firm Kirkland & Ellis "has been engaged as counsel by the Creditor Committee to advocate on its behalf.". owe $900 million to Gemini customers, according to the Financial Times. Gemini is reportedly attempting to recover the funds.According to a CoinDesk report on Sunday, Genesis owes its creditors at least $1.8 billion.
Source
https://t.me/Bitcoin_NewsTg
Crypto Mint