DCG says it's close to reaching agreement on Genesis Chapter 11, appoints new CFO

Quick Take

  • DCG said it is close to resolving the claims in the bankruptcy case of its lending unit Genesis Capital.
  • It also brought on a new CFO as it eyes to close deals for Luno and CoinDesk. 

Crypto conglomerate Digital Currency Group told shareholders in its second quarter financial update that it is close to resolving the claims in the bankruptcy case of its lending unit Genesis Capital. 

The update comes a month after the Winklevoss Twins' Gemini, which is among Genesis' creditors, sued the firm alleging frau