The CEO of Digital Currency Group, Barry Silbert, stated that the company has now satisfied all its obligations that are currently due.
Venture capital firm Digital Currency Group (DCG) announced it has cleared all of its short-term loans currently due to the now-defunct crypto lending platform Genesis.
In a statement released on Jan. 6 on X (formerly Twitter), DCG confirmed that it is up-to-date on its financial obligations, including paying approximately $700 million to Genesis as part of the over $1 billion paid to creditors in the past year.
Furthermore, DCG CEO Barry Silbert highlighted that these debt commitments were fulfilled despite the challenging conditions in the crypto market throughout 2023.
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Source: https://cointelegraph.com/news/dcg-short-term-loans-genesis-creditors