
SEC Slaps Digital Currency Group with $38M Fine for Misleading Investors
DCG faces SEC penalties for downplaying Genesis Global Capital’s losses and overstating support following Three Arrows Capital’s $2.4B default impact.
DCG faces SEC penalties for downplaying Genesis Global Capital’s losses and overstating support following Three Arrows Capital’s $2.4B default impact.
Winklevoss has now asked DCG to repay a total debt of $1.46 billion or face a lawsuit.
The conglomerate is currently struggling financially and is focused on preserving its cash-generating business at the very least.
GGC has given Ver 20 days to respond to the complaints filed against him.
DCG is currently looking for ways to save its business and grow its capital.
The master loan agreement (MLA) between Gemini’s customers and Genesis now ceases to exist.
DCG once appeared to be untouchable but may fast be losing its stability.
Considering its latest move of filing an LDA, Digital Currency Group could be doing more lobbying in the coming times.
World’s most important cryptocurrency & blockchain event moves to Texas with industry partners, including the World Economic Forum, City of Austin, and Coin Center.
Decentral Games (DG) is pleased to announce that it has completed its latest capital raise for aggregate gross proceeds of $5 million.