DCG Fails to Make $630 Million Payment, Gemini Reports.

Digital Currency Group (DCG) missed a $630 million payment owed to Genesis, leading to a threat of legal action from Gemini CEO Cameron Winklevoss. Genesis, a DCG entity, filed for Chapter 11 bankruptcy amid allegations of mixed funds and ongoing disputes about loan repayments. Gemini is preparing to file a claim seeking the return of over $1.1 billion in digital assets from Genesis for its over 200,000 Earn users. DCG and Gemini are in discussions, but if no deal is reached, Gemini and other parties are proposing an amended reorganization plan with Genesis that doesn't require DCG's approval.