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Beleaguered Gemini Earn Customers Will Be Made ‘Nearly Whole,’ DCG and Genesis Say About Remuneration Plan

September 13, 2023
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“Relying on how the chapter declare is calculated, the Earn prospects are estimated to get between $440 million and $765 million of a declare,” a DCG government, who requested to not be recognized, stated in an interview. “That declare is estimated to obtain distributions of $400 million to $535 million. After which on high of that Earn prospects get the $600+ million {dollars} of collateral that Gemini is holding. So, they’re taking a look at complete recoveries of a billion {dollars} or extra, which is roughly their complete declare. Basically, it’s a full restoration for present prospects beneath these situations.”



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Tags: BeleagueredcustomersDCGEarnGeminiGenesisplanRemuneration
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