Crypto exchange Bitvavo says 280 million euros ‘locked’ at DCG

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AMSTERDAM (Reuters) – Bitvavo, a Dutch cryptocurrency exchange, said on Friday it has 280 million euros ($296.30 million) locked at Digital Currency Group (DCG), a U.S.-based company. “DCG is currently experiencing liquidity problems … As a result, DCG has suspended repayments until this liquidity issue has been resolved,” the Dutch firm said on its blog. DCG operates several subsidiaries, including major cryptocurrency lender Genesis Global Capital, which froze withdrawals in November following the collapse of FTX. Bitvavo said it expects to be reimbursed over time and that it has enough fu…