- Digital Currency Group said it will close the case soon.
- The company has appointed a new chief financial officer.
Cryptocurrency conglomerate Digital Currency Group (DCG) has told its shareholders that it is in the process of resolving matters related to the bankruptcy filing of its lending arm Genesis Capital, Coindesk writes.
“We expect these cases to close shortly,” DCG wrote in a statement.
Digital Currency Group also announced that it has hired a new chief financial officer, Mark Schiefke. He has many years of experience in finance, having held a similar position at Billtrust and Green Dot. Schifke also previously worked at JPMorgan Chase, where he served as a managing director.
DCG’s former CFO Michael Kreines left the firm on May 2 after two years.
DCG is now in the process of selling media platform Coindesk. Earlier we reported that a group of investors is close to acquiring the news portal for $125 million. The company is also actively considering strategic investors for its cryptocurrency exchange Luno, The Block reported.
Remember, cryptocurrency lender Genesis filed for bankruptcy in January 2023.
The company is also actively considering strategic investors for its cryptocurrency exchange Luno, The Block reported.