About two weeks ago, the Financial Times reported ( . Thirty-one days after Gemini suspended its Earn program withdrawals, Cameron Winklevoss tweeted that he had formed a committee with Houlihan Lokey as financial advisor.
Gemini said: With the newly created Board of Creditors and Houlihan Lokey Advisors, we hope to “offer a path to recovery”
December 17, 2022, co-founder of Gemini Cameron Winklevoss tweeted an update on the company’s Earn program, Winklevoss said, “Earnings update: Creditors Commission financial advisor
Genesis was suffering from the FTX contagion, and a division of the company was reportedly given official creditor board status in the FTX bankruptcy case. For example, Genesis was also seeking $1 billion in funding from investors,and sources at the FT and The Wall Street Journal (WSJ).
“It is still in its early stages and discussions are ongoing, but we will update it as more information becomes available,” said Winklevoss. 30} said. {3 2}
In addition to Gemini’s problems with Genesis, the company has also suffered a database breach. Sources detail the exfiltration of 5.7 million Gemini user emails and partially redacted phone numbers, with some reports pointing to the files being published on hacker forums. I’m here. Houlihan Lokey is a financial services firm and independent investment bank that operates one of the world’s largest financial restructuring practices.
What are your thoughts on Cameron Winklevoss’ disclosure that Houlihan Lokey is working with the creditors committee as an advisor? Please let us know what you think about the matter.
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