Gemini co-founders propose a $1.5 billion deferred payment and loan plan for Genesis debt restructuring

ChainCatcher news, Gemini co-founder Cameron Winklevoss posted on Twitter an "ultimate offer" regarding the bankruptcy debt restructuring negotiations of the digital asset company Genesis. After months of negotiations and mediation, a $1.5 billion deferred payment and new loan plan has been reached. The plan requires $1.465 billion in payments and loans denominated in USD, Bitcoin, and Ethereum, with a deadline for the deal set for 4 PM local time on July 6.

Previously, Winklevoss posted an open letter to DCG founder Barry Silbert on Twitter, expressing regret over DCG's failure to present a satisfactory plan to repay Genesis creditors. Additionally, DCG has yet to pay Genesis $630 million. (source link)