Troubled crypto lender Genesis reportedly owes creditors over $3 billion, which is pushing its parent company DCGco to look at selling some of DCG's venture capital portfolio. By parikshitm899
DCG is considering offloading some of its venture capital portfolio, worth around $500 million, the report said. The sale is part of DCG's effort to raise fresh capital after Genesis stopped withdrawals late last year.
DCG, which is also the parent company of CoinDesk, did not immediately respond to request for comment., and the now bankrupt FTX. However, DCG's assets are illiquid and will likely take some time to sell, the report added. Tensions between DCG and Genesis creditors have been running high with Gemini co-founder Cameron Winklevoss
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