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In 50 Words: Gemini sets final deadline for restructuring plan

Gemini, founded by the Winklevoss twins, has set a final deadline for the Digital Currency Group (DCG) to agree on a restructuring plan for its bankrupt crypto lending arm Genesis. The firm seeks to recoup more than US$1.1 billion and if agreement is not reached, it will pursue litigation. Genesis owes over US$3 billion to creditors and has failed to meet its previously set plan to exit bankruptcy by May.

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