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# Digital Currency Group

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DCG Boosts Legal Arsenal with First Chief Hire During New York AG Dispute

Digital Currency Group (DCG), parent firm of bankrupt crypto lender Genesis, has brought on its first-ever chief legal officer as it faces a lawsuit from New York’s Attorney General.

, by Shalini Nagarajan

Blockchain News

DCG Objects Settlement Between NY Attorney and Failed Genesis

DCG contended that Genesis did not follow proper legal processes and the agreement falsely diverted funds to preferred creditors.

, by Sujha Sundararajan

Blockchain News

Genesis Global Trading Settles with NYDFS, Pays $8 Million Penalty, and Surrenders BitLicense

Genesis Global Trading, a subsidiary of Digital Currency Group, has agreed to pay an $8 million penalty to the New York State Department of Financial Services (NYDFS) after settling allegations of compliance failures.

, by Hassan Shittu

Controversy Arises as Genesis Creditors Challenge DCG’s Claim of Full Debt Repayment

Digital Currency Group (DCG) is facing allegations from an ad hoc group of lenders, claiming that DCG has not fulfilled its repayment requirements to its bankrupt subsidiary, Genesis Global. Despite DCG's recent announcement on X that it had fully repaid short-term loans from Genesis, the...

, by Hassan Shittu

Former DCG Advisor Larry Summers Named Among Academics Linked to Epstein List

Larry Summers, a former Digital Currency Group (DCG) advisor, has been named as one of several academics in connection with the infamous American financier Jeffrey Epstein. The link has come to light as part of a recent disclosure of court documents, infamously known as...

, by Ruholamin Haqshanas

Digital Currency Group has Settled Over $1 Billion in Debt, Including $700 Million Owed to Bankrupt Genesis

Digital Currency Group (DCG) has successfully settled over $1 billion in debt, including the substantial amount of nearly $700 million owed to its bankrupt subsidiary, Genesis. The announcement came from DCG CEO Barry Silbert, who took to the social media platform X to share the...

, by Ruholamin Haqshanas

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