Gemini co-founder Cameron Winklevoss tweeted that Gemini has formed a committee with Houlihan Lokey acting as the financial advisor.
Roughly two weeks ago a report from the Financial Times claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting to recover the funds by creating a creditors committee. 31 days after Gemini paused the Earn program’s withdrawals, Cameron Winklevoss tweeted that it has formed a committee with Houlihan Lokey acting as the financial advisor.
Gemini Hopes to ‘Provide a Path for the Recovery of Funds’ With Newly Created Creditors Committee and Houlihan Lokey Advisoran update concerning the company’s Earn program. “Earn Update: Houlihan Lokey, the Financial Advisor of the Creditor Committee, has begun advocating for a plan to resolve the liquidity issues at Genesis and DCG and provide a path for the recovery of funds,” Winklevoss said.the Earn program on Nov.
Genesis has suffered from the FTX contagion and a unit of the company was awarded a position on the official creditors committee for the FTX bankruptcy case. Reportedly, Genesis was also soliciting $1 billion in funding from investors,to FT and Wall Street Journal sources. Winklevoss’s tweet on Saturday also noted that the committee is in the early stages.
“It is still early stages, and discussions are ongoing, however, we will update you as soon as more information is available,” Winklevoss
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
James Cameron Fixed the Problems of the First 'Avatar' for 'Avatar: The Way of Water'In his long-awaited return to Pandora, the veteran filmmaker surpasses his original work in spectacular fashion.
Read more »
American Dane Cameron Headlines Porsche Penske's 963 Driver LineupsAs one of six confirmed factory World Endurance Championship drivers for the all-new 963, Cameron could become the first American to win Le Mans overall in 27 years.
Read more »
Terminator: James Cameron on Franchise Legacy & Why Dark Fate FailedJames Cameron (Avatar: The Way of Water) reflects on the first two Terminator films & bumping heads with Dark Fate director Tim Miller.
Read more »
Former British PM David Cameron bags teaching gig at Abu Dhabi universityFormer British Prime Minister David Cameron will soon be known as Professor Cameron to students in Abu Dhabi.
Read more »