The Financial Times reported on Saturday that crypto broker Genesis and its parent company Digital Currency Group (DCG) owe $900 million to customers of the Winklevoss twins’ cryptocurrency exchange Gemini. According to the newspaper, Gemini is attempting to recover the funds after Genesis was caught off guard by the failure of Sam Bankman-FTX Fried’s crypto group last month. Digital Currency Group, which owns Genesis Trading and cryptocurrency asset manager Grayscale, owes $575 million to Genesis’ crypto lending arm, according to Digital Currency Chief Executive Barry Silbert.
