Dutch crypto exchange Bitvavo claimed to have received an offer from Digital Currency Group (DCG) on January 9th to repay 70% of its debt within an acceptable period.

However, the company refused the offer citing that the crypto conglomerate has sufficient funds available for full repayment.

“The residual amount is still under discussion with DCG as they are only willing to repay part of it within a period acceptable to Bitvavo. As creditors, the latter is not acceptable because DCG has sufficient funds available for full repayment.”