{"id":9364,"date":"2024-01-06T09:05:27","date_gmt":"2024-01-06T09:05:27","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=9364"},"modified":"2024-01-06T09:05:27","modified_gmt":"2024-01-06T09:05:27","slug":"dcg-paid-its-700-million-dollar-debt-to-genesis","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/dcg-paid-its-700-million-dollar-debt-to-genesis\/","title":{"rendered":"DCG Paid Its 700 Million Dollar Debt to Genesis!"},"content":{"rendered":"
DCG CEO Barry Silbert has alleviated a significant portion of the company’s obligations, surpassing $1 billion, by paying off debts to Genesis.<\/div>\n
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Barry Silbert, the CEO of Digital Currency Group (DCG), has announced that the company has fulfilled all its obligations and settled debts with Genesis, a crypto lending platform. DCG stated that it has paid off a portion of its debt, including part of the over $1 billion owed to Genesis in 2022. Silbert emphasized that the payments were made considering the challenging conditions in the crypto market.<\/div>\n
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You may notice:\u00a0Latest Situation in Bitcoin and Cryptocurrencies! \u2013 January 6<\/a><\/strong><\/em><\/div>\n
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In an announcement made on January 6th via X (formerly known as Twitter), DCG confirmed that it is current on all debts, including approximately $700 million to Genesis, as part of over $1 billion paid to creditors throughout the last year.<\/div>\n
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“DCG is pleased to announce that we have paid off all short-term debts to Genesis. In total, DCG has settled over $1 billion in obligations to creditors in a little over the past year, including nearly $700 million owed to Genesis, meeting all current obligations.”<\/div>\n<\/blockquote>\n
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pic.twitter.com\/dUEi8j7nHo<\/a><\/p>\n

— Digital Currency Group (@DCGco) January 5, 2024<\/a><\/p><\/blockquote>\n