Crypto broker Genesis owes Gemini's customers $900 million, Financial Times reports

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Crypto broker Genesis owes Gemini's customers $900 million - FT

Crypto broker Genesis and its parent company Digital Currency Group owe customers of the Winklevoss twins' crypto exchange Gemini $900 million, the Financial Times reported on Saturday.

Venture capital company Digital Currency Group, which owns Genesis Trading and cryptocurrency asset manager Grayscale, owes $575 million to Genesis' crypto lending arm, Digital Currency Chief Executive Barry Silbert told shareholders last month.

 

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