Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a 0M loan repayment to Todd Boehly’s Eldridge (Nikou Asgari/Financial Times)

Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a $350M loan repayment to Todd Boehly’s Eldridge (Nikou Asgari/Financial Times)

Posted on December 20, 2022

Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a 0M loan repayment to Todd Boehly’s Eldridge (Nikou Asgari/Financial Times)

Nikou Asgari / Financial Times:

Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a $350M loan repayment to Todd Boehly’s Eldridge — Digital Currency Group would be on the hook for outstanding loan if crypto lender goes bankrupt, say insiders

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The post Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a $350M loan repayment to Todd Boehly’s Eldridge (Nikou Asgari/Financial Times) appeared first on WorldNewsEra.