Gemini’s Lawyers Call Proposed Recovery Rates by DCG a “Total Mirage”!

Creator: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

Sep 15, 2023 23:13

Gemini, a cryptocurrency change, has filed a authorized grievance towards the Digital Forex Group (DCG) over claims of deceptive restoration charges. Within the submitting, Gemini’s legal professionals alleged that DCG’s proposed restoration charges are false and don’t have any foundation in actuality. Based on the grievance, Gemini lenders won’t obtain something near the proposed restoration charges below the present settlement in precept. This comes after DCG reached an settlement to purchase out $100 million value of debt owed by the bankrupt cryptocurrency agency BitMEX. This authorized grievance highlights the continued challenges skilled by the cryptocurrency business because it struggles to navigate authorized and regulatory points.