Creditors of bankrupt crypto financial firm Genesis propose $1.5 billion package of forbearance payments and loans denominated in dollars, bitcoin $BTC and ether $ETH, per tweet from Gemini co-founder cameron
- July 3, 2023," with the outlines of a plan that calls for $1.465 billion of payments and loans denominated in dollars, bitcoin and ether. The deadline to agree to the deal is 4 p.m. on July 6, according to the letter.
"I write to inform you that your games are over," Winklevoss wrote in the letter."In addition to dragging out a resolution, they have ballooned professional fees to over $100 million, all of which have gone to lawyers and advisors at the expense of creditors and Earn users.". According to Winklevoss, some $1.2 billion is owed to Earn users.
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