Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions.
- According to FT, crypto broker Genesis owes up to $3 billion to clients, and its parent company is looking to offload assets to raise money.
- Genesis has been in the news lately after it halted withdrawals in November.
- In recent news, Gemini CEO and co-founder Cameron Winklevoss accused DCG of defrauding its Earn users and asked for DCG’s CEO to step down.
- DCG has one of the biggest venture portfolios in the crypto world including firms like Coinbase, FTX, Kraken and Blockchain.com.
This is a developing story and will be updated.
Join our Telegram group and never miss a breaking digital asset story.
The post Genesis Owes Clients $3B, DCG Seeks to Offload Assets: Report appeared first on Tokenist.
