Crypto Investment Firm DCG Gives $140M Equity Infusion to Trading Firm Genesis

Digital Currency Group Promotes Mark Murphy to President, Cuts Nearly 13% Staff: Report

“While the operation of our lending and trading businesses has not been impacted by recent market events, Genesis has taken steps to strengthen its balance sheet with an additional equity infusion of $140M from our parent company, Digital Currency Group,” Genesis told clients in an email, which was confirmed by a DCG spokesperson.

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