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Gemini lawyers object to DCG’s new creditor agreement, saying the compensation amount is false advertising
2023-09-16 00:36:52
Odaily News Gemini Trust lawyers opposed the new creditor agreement proposed by DCG. The plan stated that unsecured creditors may receive 70%-90% compensation, and Gemini Earn users may receive 95%-110% compensation. The legal team said: In order to divert the attention of Genesis creditors from its apparently inadequate and unfair proposal, the recovery rate proposed by DCG is falsely advertised. Under the current agreement in principle, creditors will not actually receive anything close to the proposal. The real value of recovery rates.” (Cointelegraph)