Digital Currency Group Clears $700 Million Debt with Genesis

Key Takeaways

Digital Currency Group (DCG) cleared all short-term loans with Genesis, including a $700 million payment.
DCG demonstrated resilience by repaying over $1 billion in debts amidst the 2023 crypto market downturn.
The repayment was part of a strategy to resolve a lawsuit following Genesis’ bankruptcy and $3.5 billion debt to creditors.

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