Giant Bitcoin Investor DCG Has Paid Its Debt That Caused the Cryptocurrency Crisis! - Coin Newsletter

Digital Currency Group (DCG), the giant investor in the cryptocurrency industry, announced that it has completed the payment of all short-term loans it received from Genesis.

DCG has announced that it has paid off all of its short-term debts to Genesis, with which it has experienced major tensions. In an official statement made by the company on January 5, it was stated that a total of $1 billion of repayments have been made over the past 1 year over the past 1 year including the entire 700 million short-term debt to Genesis.

Especially as a result of the bankruptcies in 2022, there was a serious ness crisis between Genesis and DCG**, and both sides harshly accused of each other**.

DCG instilled confidence in its creditors by emphasizing that it has paid all its maturing debts as of the first days of 2024 and that it will continue to fulfill its financial commitments in the future:

DCG is pleased to announce that we have completed the payment of all short-term loans we received from genesis. In total, DCG has paid off more than 700 billion owed to its creditors in just over a year, including nearly 1 million to Genesis, and has already defaulted on all obligations due. With this milestone behind us, we look forward to the next chapter of DCG and the future growth of our industry. And as always, we will continue to deliver on our financial commitments.