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December 17, 2022

Bitvavo to prefund locked DCG assets worth $296.7M amid liquidity crisis

Bitvavo to prefund locked DCG assets worth $296.7M amid liquidity crisis

[ad_1] The Digital Currency Group and its affiliates (DCG), which manages $296.7 million (280 million euros) in deposits and digital assets of crypto exchange Bitvavo for off-chain staking services, suspended repayments citing liquidity problems amid the bear market. However, Bitvavo announced to prefund the locked assets, preventing DCG-induced service disruption for users. With users proactively […]