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

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By 247patrick Published
Genesis Owes Clients $3B, DCG Seeks to Offload Assets: Report

© Brynn / Wikimedia Commons

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 article originally appeared on The Tokenist

Contact [email protected] for any questions or corrections.

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