Breaking: DCG owes creditors over $3B, considering $500M VC portfolio sale

The firm owes $900M alone to clients of Gemini and its Earn Program.

by the Financial Times on Jan. 12. Its parent, Digital Currency Group , which also owns Grayscale Investments and its series of digital asset trusts, seeks to sell part of its venture capital holdings to offset the shortfall.

According to people familiar with the matter, DCG's venture arm has more than 200 crypto-related projects"such as exchanges, banks, and custodians in at least 35 countries" with a total valuation of around $500 million. Cointelegraph previously reported on Nov.16, 2022, that Genesis Global halted withdrawals citing"unprecedented market turmoil." At the time, the company reportedly had

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