Dutch cryptocurrency exchange Bitvavo rejected DCG's proposal to repay 70% of the debt, believing that the latter has sufficient funds to repay the entire debt

ChainCatcher news, according to Cryptoslate, the Netherlands-based cryptocurrency exchange Bitvavo has stated that it has rejected DCG's proposal to repay 70% of its debt, as Bitvavo believes that DCG has sufficient funds to repay the entire debt.

Bitvavo stated that the debt repayment will not be affected by the investigation DCG is facing, nor will it be impacted by the potential bankruptcy of the crypto lending firm Genesis. However, the process may affect the repayment timeline. Meanwhile, Bitvavo stated that its customers are not affected, and they can withdraw funds at any time, as it has taken on the risk on their behalf. (source link)