Crypto Conglomerate DCG Suspends Dividends Amid Distress at Genesis Unit

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

DCG, which owns CoinDesk and other crypto companies, has become embroiled in the financial distress at its once-prolific lending platform Genesis. DCG owner Barry Silbert has been locked in negotiations with billionaire entrepreneurs Cameron and Tyler Winklevoss, whose crypto exchange Gemini offered a lending product that fell apart because Genesis, its partner, halted customer withdrawals.

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