Crypto Conglomerate DCG Suspends Dividends Amid Distress at Genesis Unit

Crypto Conglomerate DCG Suspends Dividends Amid Distress at Genesis Unit


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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