DCG

FTX files a lawsuit against Grayscale, CEO Michael Sonnenshein, DCG, and Barry Silbert, citing $1.3B+ in "exorbitant management fees" and seeking $550M+ shares (The Block)

March 7, 2023

[ad_1] The Block: FTX files a lawsuit against Grayscale, CEO Michael Sonnenshein, DCG, and Barry Silbert, citing $1.3B+ in “exorbitant…

DCG reports 2022 revenue of $719M and a loss of $1.1B as the firm struggled with plunging crypto prices and the restructuring of its lending platform, Genesis (Ian Allison/CoinDesk)

February 28, 2023

[ad_1] Ian Allison / CoinDesk: DCG reports 2022 revenue of $719M and a loss of $1.1B as the firm struggled…

Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a $350M loan repayment to Todd Boehly's Eldridge (Nikou Asgari/Financial Times)

December 20, 2022

[ad_1] Nikou Asgari / Financial Times: Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary…

Dutch crypto exchange Bitvavo, which uses DCG for its staking service, says it can't access ~$297M held at DCG and that DCG is "experiencing liquidity problems" (RT Watson/The Block)

December 17, 2022

[ad_1] RT Watson / The Block: Dutch crypto exchange Bitvavo, which uses DCG for its staking service, says it can’t…

Sources: Genesis Global has $2.8B in outstanding loans, including ~30% of its lending made to related parties like its parent company DCG (Bloomberg)

November 22, 2022

[ad_1] Bloomberg: Sources: Genesis Global has $2.8B in outstanding loans, including ~30% of its lending made to related parties like…