Gemini Trust has emailed creditors about the proposed restructuring plan, now submitted for a vote
Gemini Trust posted on the X platform that on December 13th, the company sent an email to creditors outlining a proposed restructuring plan that has now been submitted for a vote. Under the proposed plan, creditors will receive compensation equal to their Earn cryptocurrency balance held before January 19, 2023, which is the day that Gemini's cryptocurrency lending partner, Genesis Global Capital, filed for bankruptcy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Price Could Skyrocket to $500K, Altcoins Set to Follow
Crypto Trader Makes Risky Bet for $8 Million Profit in 20 Minutes
Shiba Inu Faces Uncertainty as Whale Activity Declines and Price Consolidates
BTC breaks through $104,600