Reuters Says Binance Commingled Funds, But Is It Just More FUD?
The Breakdown
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The Bankruptcy of Gemini Capital Restructuring
Gemini is by far the largest creditor in the bankruptcy with 1.1 billion claimed to be owed on behalf of over 230,000 Gemini earned customers. The attitude of creditors towards reaching a resolution via mediation appears to have soured. A forbearance would allow DCG to either delay or vary its repayment schedule on the loan. If the court approves this motion, Genesis will have until late August to file a reorganization plan.
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