Home » Winklevoss shared that the Creditor Committee expects an initial response this week.

Winklevoss shared that the Creditor Committee expects an initial response this week.

Genesis and DCG seek path for the recovery of assets amid liquidity issues

The co-founder of Gemini, Cameron Winklevoss, says that global investment bank Houlihan Lokey has devised a plan on behalf of a committee of creditors to resolve the liquidity issues at Genesis and its parent company, Digital Currency Group (DCG). According to Winklevoss, resolving the liquidity issues would provide a path for Gemini clients to recover assets owed to them by Genesis and DCG following the collapse of FTX.  Earn Update: Today, Houlihan Lokey presented a plan on behalf of the Creditor Committee to resolve the liquidity issues at Genesis and DCG and provide a path for the recovery of assets. — Cameron Winklevoss (@cameron) December 20, 2022 According to the brief “Earn Update” shared on Twitter by the Gemini co-founder, the plan presented by Houlihan Lokey on behalf of th...