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Will DCG Insolvency Lead to Another Major Scandal?

The downfall of LUNA and FTX is still hurting the market. Although the total trading volume of crypto slightly rebounded at the beginning of the year, we have also heard bad news.

Gemini co-founder Cameron Winklevoss publicly requested DCG founder Barry Silbert to repay more than $900 million in debt. Moreover, Cameron revealed that DCG is also facing other outstanding debts and interests. Despite Barry’s denial on social media, back in late 2022, we were told that Genesis, a subsidiary of DCG, suspended withdrawals due to the fall of 3AC and FTX.

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