BREAKING: Digital Currency Group's Genesis Global files for bankruptcy protection
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Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis – Bitcoin NewsAccording to a shareholders' letter from Digital Currency Group (DCG), the company said it has suspended dividends until further notice.
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Crypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing: ReportsThe collapse of FTX in late 2022 may have been the final straw for Genesis, which earlier that year reportedly suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.
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Digital Currency Group halts dividends in an effort to preserve liquidityVenture capital firm Digital Currency Group announced in a letter to shareholders that it would be halting its quarterly dividends, less than a week after it was revealed its subsidiary Genesis owes creditors $3B and was being charged by the SEC.
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Crypto giant Digital Currency Group halts dividend payments: CoindeskDigital Currency Group, the parent company to struggling crypto trading firm Genesis, has halted its quarterly dividend payments.
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First Mover Americas: Crypto Winter Chills at Digital Currency Group, CoinbaseIn the wake of the collapse of FTX_Official, more $BTC is being held in self-custody in offline thumb drives instead of in central exchanges.
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Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empireGenesis, the crypto lender owned by DCG, filed for bankruptcy protection, the latest collapse to follow FTX's implosion in November.
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