Did DCG sell Genesis?

DCG, a conglomerate in the digital asset space, had been looking to sell Genesis to repay at least a part of the $3.4 billion it owes creditors. In February,DCG struck a deal that could have either resulted in a sale of Genesis or turned its equity over to creditors.

Does Genesis owe creditors $3 billion?

Digital Currency Group CEO Barry Silbert. Crypto lender Genesis owes its creditors more than $3 billion, the Financial Times reported on Thursday. Genesis' parent company DCG may sell assets in its venture portfolio to raise fresh cash. Genesis' lending arm took hits after FTX filed for bankruptcy, causing a liquidity crisis late last year.

Could Digital Currency Group sell assets to help Genesis cover a shortfall?

Digital Currency Group might sell assets from its venture portfolio to come up with funds to help Genesis, its wholly-owned subsidiary, cover a $3 billion shortfall, according to a report on Thursday from the Financial Times.

Does Digital Currency Group (DCG) have a new venture portfolio?

Digital Currency Group (DCG), the crypto conglomerate that oversees Genesis, is also looking to sell assets in its venture portfolio to raise fresh cash, per the Financial Times. DCG has invested in more than 200 blockchain-related startups in at least 35 countries.