October 30, 2023 BY Elizabeth Anderson
Gemini seeking $1.6bn Grayscale Bitcoin Trust pound of flesh from Genesis
This trust currently holds a value of approximately $1.6bn. In the filed lawsuit, Gemini petitions the court to cast a ruling stating Genesis has no right to the GBTC shares earmarked as collateral to users of the Gemini Earn product. Genesis or its partners still holds most of the shares in question. Gemini feels these…
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