DCG owes 280 million euros to Bitvavo due to the former’s liquidity crises.
The company assured reimbursement once the issue is resolved.
Bitvavo assured its community that the DCG debt would not affect the activities of Bitvavo.
Reportedly, Bitvavo, the Dutch-based crypto firm and a prominent European market leader offering tailor-made services for crypto investors, announced that 280 million euros, an equivalent of $296.30 million, has been locked at the US-based venture capital company, Digital Currency Group (DCG).
After the exposure of the locked assets, Bitvavo came forward with the detailing of the “liquidity issue” that DCG has been confronting:
Bitvavo has used services from Digital Currency Group and its affiliates (DCG), which currently have liquidity issues, to offer off-chain staking services to its clients. If needed, Bitvavo will step in to protect our customers.Read more on our blog:https://t.co/0X8hLTAlYa
— Bitvavo (@bitvavocom) Bitvavo’s $296.30 Million Locked at DCG: DCG Faces Liquidity Issues appeared first on Coin Edition.
