Does Digital Currency Group owe Genesis money?

Aside from the money owed to Genesis, Digital Currency Group's only debt is a $350 million credit facility from "a small group of lenders" led by investment firm Eldridge, as well as a $1.2 billion claim it filed in July against bankrupt crypto hedge fund Three Arrows Capital. Digital Currency Group (DCG) had assumed that liability from Genesis.

Who is Digital Currency Group?

Digital Currency GroupDCG) is a venture capital company focusing on the market. It is located in Stamford, Connecticut The company has five subsidiaries: , Foundry, Genesis Grayscale Investments, and Luno. Digital Currency Group was launched in 2015 by Barry Silbert, the former CEO of SecondMarket, Inc.

Does Genesis trading owe Binance or Apollo Global Management?

Genesis is seeking to raise as much as $1 billion, and has approached crypto exchange Binance and asset manager Apollo Global Management for assistance, the Wall Street Journal reported on Monday. (This story has been corrected to say that Digital Currency Group owes Genesis Trading's crypto lending arm, not the other way around, in paragraph 1)

What's going on with digital currency & grayscale investments?

State of play: Five days have passed since its lending unit ceased withdrawals and new loan originations. And the lack of communication has opened the door to speculation about the health of the overall firm, as well as its parent Digital Currency Group and sister unit Grayscale Investments.