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Digital Currency Group Seeks to Calm Investors Over Intercompany Loans: Reports

1 min read Original Link

Barry Silbert, chief executive officer of Digital Currency Group (DCG), disclosed his company owes a US$575 million loan and a US$1.1 billion promissory note to its subsidiary Genesis Global Capital, the struggling crypto lender that paused withdrawals and new loans on Nov. 16. This was told to investors via a letter seen by the Wall Street Journal. (forkast)

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