The authorities are reportedly digging into internal transfers between DCG and its subsidiary crypto lending firm Genesis.
The authorities are digging into internal transfers between DCG and its subsidiary crypto lending firm Genesis Global Capital, noted the report citing people familiar with the matter. Prosecutors have already requested interviews and documents from both the companies, while the SEC is running an early-stage similar inquiry.
As of yet, no indictment has been brought against DCG, nor have both U.S. authorities provided any information about the case. According to a spokesperson for DCG, the company was unaware of the investigation. “DCG has a strong culture of integrity and has always conducted its business lawfully. We have no knowledge of or reason to believe that there is any Eastern District of New York investigation into DCG.”
Genesis is one of the companies affected by the contagious wave following the collapse of FTX in November. According to the firm's disclosure on Nov. 10, it has $175 million locked up in an FTX trading account. Genesis
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Report: Federal Prosecutors in New York Probe Digital Currency Group and Subsidiary Genesis – Bitcoin NewsA report alleges that federal prosecutors are scrutinizing transfers between the crypto firms Digital Currency Group and its subsidiary, Genesis.
Baca lebih lajut »
Digital Currency Group's transfers to Genesis draw US investigations: BloombergFederal prosecutors are looking at transfers between DCG and Genesis, while the Securities and Exchange Commission has also started a probe, Bloomberg reported.
Baca lebih lajut »
Crypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen fundsSBF’s not guilty plea, Cameron Winklevoss’ open letter to Barry Silbert, and Grayscale’s ETH Trust 60% discount. This and more on the latest edition of Crypto Biz. (Reporting via forgeforth_)
Baca lebih lajut »
Rookie boy group 8TURN drops first group image for debut mini album '8TURNRISE' | allkpopMNH Entertainment's first official rookie boy group 8TURN has unveiled a sleek teaser image for their debut mini album, '8TURNRISE'.In th…
Baca lebih lajut »
Digital Trends CES 2023 Tech For Change Award Winners | Digital TrendsOf all the world-changing technologies and innovative ideas on display at CES2023, these ones impressed us the most.
Baca lebih lajut »
Argentina and China formalize currency swap dealArgentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted foreign currency reserves, the Argentine central bank said on Sunday.
Baca lebih lajut »