Barry Silbert, CEO of Digital Currency Group, stated that the company has now satisfied all its obligations currently due.
Venture capital firm Digital Currency Group (DCG) announced that it has cleared all of its short-term loans currently due to the now-defunct crypto lending platform Genesis.
In a statement released on January 6 on X (formerly Twitter), DCG confirmed that it is up-to-date on its financial obligations, including paying approximately $700 million to Genesis, as part of the over $1 billion paid to creditors in the past year.
Furthermore, Barry Silbert, CEO of DCG, highlighted that these debt commitments were fulfilled despite the challenging conditions in the crypto market throughout the year.
