US officials are investigating internal money flows between the cryptocurrency giant Digital Currency Group (DCG) and its subsidiary Genesis.
According to a report published by Bloomberg on January 7, US Department of Justiceaffiliated with I (DOJ) Court for the Eastern District of New York (EDNY) and US Securities and Exchange Commission (SEC)between DCG and Genesis, the company’s in-house crypto lending platform. money your transfers is reviewing.
The information given is that of EDNY so far. DCG and from Genesis expression to give and various documents they demanded, of the SEC similarly, the investigation early in phase is showed. What are the resources at this stage? of Genesis nor of DCG with anything not blamed stated. However, the investigation especially between Genesis and DCG financial to transfers focused like it seems expressed.
SEC and EDNY officials to comment on the issue. while avoiding In a statement, Genesis said it would work with authorities and regulators when they are subject to an investigation. regular a dialogue continuing and business union stated that they did, but did not comment on more. On the other hand, a DCG spokesperson said that DCG is being investigated by EDNY. information not and something like this to believe for they have any why also not expressed.
With Gemini, the popular US cryptocurrency exchange “Earn” Recently, Genensis, which is in conflict over its program, Termination of 30% of its staff and roofing company DCG$3.5 billion closing an asset management unit, rumors of bankruptcy had inflamed.