Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure

Genesis-DCG Loan Leads to Class Action Arbitration Case from Gemini Clients

“Under the terms of our agreement, on November 16, we notified them that we were surrendering our cash collateral and liquidating their crypto to close out the loan,” Cumberland said. “This left an outstanding balance due to us of approximately $46,064.34, consistent with our November tweet. We have established no further borrows from Genesis and have no additional exposure.”

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