Digital Currency Group (DCG) intends to sell not only the crypto-lending unit of its subsidiary Genesis, which is undergoing a bankruptcy restructuring, but also its trading business, according to a Genesis lawyer. said on Feb. 6 when the company revealed the deal with its creditors.
CoinDesk previously reported that DCG and Genesis have reached an agreement with a key group of creditors. CoinDesk, like Genesis, is owned by DCG.
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
| Image: Genesis Trading, modified by CoinDesk
｜Original: DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
The post Genesis also sells trading division ── Parent company DCG agrees with creditors | coindesk JAPAN | Coindesk Japan appeared first on Our Bitcoin News.