DCG: Has repaid over $1 billion in debt to creditors, including nearly $700 million in loans to Genesis
ChainCatcher news, Digital Currency Group (DCG) announced on social media that DCG has completed the repayment of all short-term loans to Genesis.
Overall, DCG has repaid over $1 billion in debt over the course of more than a year, including $700 million paid to institutional investors and crypto brokerage Genesis, fulfilling all current obligations.
It is reported that Genesis faced financial issues after the collapse of the FTX exchange. In November 2022, DCG took over Genesis's $1 billion debt. Genesis filed for bankruptcy protection in January 2023, owing $3.6 billion.
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
Mention the project
