“While the operation of our lending and trading businesses has not been impacted by recent market events, Genesis has taken steps to strengthen its balance sheet with an additional equity infusion of $140M from our parent company, Digital Currency Group,” Genesis told clients in an email, referring to the latest crypto market downturn caused by the collapse of crypto exchange FTX. The email was confirmed by a DCG spokesperson.
Source: https://www.coindesk.com/business/2022/11/11/crypto-investment-firm-dcg-gives-140m-equity-infusion-to-trading-firm-genesis/?utm_medium=referral&utm_source=rss&utm_campaign=headlines