[Subscribe Now] Track A-Level Transparency Project Biweekly Report and Discover the Top 1% of Projects
API Download the RootData App

DCG: All short-term debts have been repaid, and the only remaining debt is the $1.1 billion promissory note owed by its crypto lending division Genesis after its bankruptcy eight years later.

Sep 5, 2024 12:41:38

Share to

ChainCatcher news, according to The Block, DCG announced in its quarterly shareholder letter this week that it has fully repaid its short-term debts as of June. Over the past 18 months, the company has repaid more than $1 billion to creditors, particularly boosted by strong performance in the first half of this year.

It is reported that the only remaining debt for the company is a $1.1 billion promissory note, which is due in 2032, at which point its crypto lending division Genesis will be bankrupt.

Recent Fundraising

More
$5M Mar 16

New Tokens

More

Latest Updates on 𝕏

More