The legal battle between Genesis and its parent company, DCG – which also owns multiple other crypto-related ventures, seems to be coming to an end.
Yesterday, a deal was struck that would put to rest a lawsuit worth $630 million between the two companies.
Some Sums Forfeited
Earlier this year, the Winklevoss Twins’ – whose platform Gemini is also involved in the situation due to their partnership with Genesis in the DeFi sector – stated that DCG owed Gemini about $1.2 billion, double the sum that is disputed between Genesis and its parent firm.
Meanwhile, Genesis has filed a separate lawsuit against Gemini, signaling a breakdown in cordial relations between the former partners.
In any case, the current lawsuit only regards about half of the amount. A further $10 million, representing proceeds from the sale of CoinDesk and other fees, will also not be repaid, bringing the total sum to be repaid down to $620 million.
“As of November 27, 2023, DCG or DCGI have paid or transferr
We współpracy z: https://cryptopotato.com/genesis-and-dcg-strike-repayment-deal/
