Genesis Owes Clients $3B, DCG Seeks to Offload Assets: Report

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

This article originally appeared on The Tokenist

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.