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In a bombshell announcement, Genesis Capital, a Digital Currency Group (DCG) subsidiary, filed for Chapter 11 bankruptcy protection in the Southern District of New York on January 19th. The news sent shockwaves through the financial industry, with many scrambling to understand the implications of this move. However, in a swift response to the news, DCG […]
Following the implosion of FTX and the locking up of over $175 million, Genesis’s lending arm faces a liquidity crisis and is actively seeking new capital.
DCG opposes Genesis Global Capital's bankruptcy plan, citing legal violations and ethical concerns over asset valuation and creditor compensation in the volatile crypto market. (Read More)
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