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Gemini and DCG Agree on Mediation Process to Create “Final Resolution” for Creditors

Gemini Earn – the Winklevoss-owned crypto exchange’s digital asset lending arm – announced on Sunday that it had agreed with Barry Silbert’s Digital Currency Group (DCG) on a mediation process to bring their bankruptcy dispute to a close. 

The company said that it expects an order from Bankruptcy Judge Lane directing the mediation to arrive as early as Monday. 

Per the company’s latest update, the plan arranges for two meetings to take place before Monday, May 8. The date is important since DCG owes the bankruptcy estate $630 million by May 9 to 11. 

According to Gemini, should DCG fail to repay its debt by that time, the crypto industry giant risks “defaulting on its obligations.”

(by Andrew Throuvalas)

Gemini DCG
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