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Bitvavo’s $296.30 Million Locked at DCG: DCG Faces Liquidity Issues

Published 17/12/2022, 07:58
Bitvavo’s $296.30 Million Locked at DCG: DCG Faces Liquidity Issues

  • 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:

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