Barry Silbert, the founder and CEO of Digital Currency Group (DCG), wrote Tuesday to reassure shareholders. He also detailed its DCG Loans with Genesis. Andrew claims that DCG still owes Genesis $1.1 Billion in promissory notes and a number of untold millions via unsecured loans. This statement is very alarming.

  

Barry Silbert, founder and CEO of Digital Currency Group (DCG), wrote Tuesday a letter to reassure shareholders and provide details about its DCG Loans with Genesis. Andrew claims that DCG still owes Genesis $1.1 billion in promissory notes and several untold millions via unsecured loans. This statement is very concerning and was confirmed by Barry’s letter to investors. Barry Silbert acknowledged that DCG took on certain liabilities from Genesis relating to Three Arrows Capital default. The company is also participating in the Three Arrows Capital liquidation proceedings before the Creditors’ Committee. DCG will also seek to recover assets for creditors. Barry Silbert admitted that DCG took on certain liabilities from Genesis relating to Three Arrows Capital default. The company is participating in the Three Arrows Capital liquidation proceedings on the Creditors’ Committee. Overall, Barry Silbert’s statement seems like a catalyst for DCG’s assurance that it is in a stronger position. There is no reason for us to believe that the information shared is incorrect or false. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comThanaCoincu NewsTags: #MarketsBarry SilbertDCGDigital Currency Group (DCG)GenesisloansThree Arrows Capital