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DCG Says It Has Borrowed Money From Genesis Global Capital: BBG
[DB] DCG Say It Has Borrowed Money From Genesis Global Capital: BBG
— db (@tier10k) November 22, 2022
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Digital Currency Group Says It Borrowed Money From Genesis Global Capital, Loans Were In The Ordinary Course Of Business
— LiveSquawk (@LiveSquawk) November 22, 2022
- Made Intercompany Loans
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[DB] Genesis Leadership and Their Board Decided to Hire Financial and Legal Advisors and the Firm Is Exploring All Possible Options: The Block Citing DCG Statement
— db (@tier10k) November 22, 2022
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DCG CEO Barry Silbert updates shareholders, says company will emerge 'stronger'
Digital Currency Group founder and CEO Barry Silbert updated shareholders on Tuesday and said the company would come out of the current environment stronger a day after media reports that its Genesis unit faced a possible bankruptcy. "DCG will continue to be a leading builder of the industry and we are committed to our long-term mission of accelerating the development of a better financial system," he wrote in a note to clients obtained by The Block. "We have weathered previous crypto winters and while this one may feel more severe, collectively we will come out of it stronger." "Genesis Global Capital, ... (full story)
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Barry's message to shareholders via @fintechfrank pic.twitter.com/lz8ZZ8ClQK
— db (@tier10k) November 22, 2022