Genesis owes creditors more than $3 billion

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Genesis owes creditors more than $3 billion

posted on January 12, 2023 by in Blockchain

Credit platform Genesis owes its lenders more than $3 billion.
According to the Financial Times, this debt has prompted Genesis’ parent company, Digital Currency Group (DCG), to consider selling part of its $500 million venture capital portfolio.
DCG’s portfolio includes Coinbase, Kraken and BlockchainCom, as well as the already bankrupt FTX.
However, these assets are illiquid and will take some time to sell.

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