DCG
- Technology
Sources: crypto broker Genesis owes creditors more than $3B, leading DCG to explore selling venture assets, estimated to be worth ~$500M, to raise cash (Nikou Asgari/Financial Times)
Nikou Asgari / Financial Times: Sources: crypto broker Genesis owes creditors more than $3B, leading DCG to explore selling venture…
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Sources: the SEC and EDNY are scrutinizing transfers between DCG and the lending arm of its subsidiary Genesis; the probes have not accused DCG of wrongdoing (Bloomberg)
Bloomberg: Sources: the SEC and EDNY are scrutinizing transfers between DCG and the lending arm of its subsidiary Genesis; the…
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Memo: Genesis parent company DCG shut its wealth management division HQ on January 2; filing: HQ had more than $3.5B under management as of December 2022 (Kate Clark/The Information)
Kate Clark / The Information: Memo: Genesis parent company DCG shut its wealth management division HQ on January 2; filing:…
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Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a $350M loan repayment to Todd Boehly's Eldridge (Nikou Asgari/Financial Times)
Nikou Asgari / Financial Times: Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in…
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Dutch crypto exchange Bitvavo, which uses DCG for its staking service, says it can't access ~$297M held at DCG and that DCG is "experiencing liquidity problems" (RT Watson/The Block)
RT Watson / The Block: Dutch crypto exchange Bitvavo, which uses DCG for its staking service, says it can’t access…
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