DCG, the parent company of Genesis, has closed its Wealth Division Amid Liquidity Difficulties
  • Genesis Global-parent firm DCG decided to close its wealth unit.
  • Following the bankruptcy of the crypto exchange FTX, the Digital Currency Group has faced major issues for some of its leading subsidiaries.
  • Last month, the lending unit of DCG subsidiary Genesis Global declared a temporary halt to withdrawals due to a severe liquidity crisis.
  • Genesis Global had laid off 30% of its employees hours before the news.
Mridul Srivastava

By Mridul Srivastava

Mridul is an MBA pursuing a content writing career. He is a dedicated, detail-oriented freelance writer with over 2 years of experience and knowledge in the fields of Web3, blockchain, cryptocurrency, and NFTs. He is skilled in producing long and short content per the guidelines and client requirements for maximum search engine optimization.