DCG Q3 financial report: Total revenue is $188 million, and a preliminary agreement has been reached with creditors

ChainCatcher news, the cryptocurrency group Digital Currency Group (DCG) today announced its third-quarter financial results to shareholders, with total revenue of $188 million, primarily attributed to its asset management division Grayscale. This update comes as the first since trading firm Genesis announced its cessation of operations and the New York Attorney General filed charges.

DCG also provided the latest updates on negotiations with Genesis creditors, stating that the company has reached a preliminary agreement with creditors. This agreement has the potential to ultimately repay creditors in full over a longer period. To date, the company has paid $225 million to Genesis, having repaid approximately $575 million in debt since the end of 2022.