CoinDesk Reveals Sister Company Genesis: Total Debt Reaches $1.8 Billion and May Continue to Grow
According to sources cited by CoinDesk, in addition to the previously reported $900 million debt to Gemini, cryptocurrency brokerage firm Genesis also has another group of creditors represented by the law firm Proskauer Rose, with a total debt of $900 million, bringing the total disclosed debt to $1.8 billion, and the figure may continue to rise.
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According to sources cited by CoinDesk, in addition to the previously reported $900 million debt to Gemini, cryptocurrency brokerage firm Genesis also has another group of creditors represented by the law firm Proskauer Rose, with a total debt of $900 million, bringing the total disclosed debt to $1.8 billion, which may continue to grow.
Genesis and its parent company, Digital Currency Group (DCG), owe $900 million to Gemini.
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