Genesis owner DCG has closed its wealth management unit as the crypto giant battles a stream of troubles

Jan 6 2023 by Business Insider

 
DCG's decision to shutter its wealth unit comes on the same day its parent company Genesis announced layoffs.

(Photo illustration by Jonathan Raa/NurPhoto via Getty Images)

Crypto giant Digital Currency Group has shut its wealth management unit, reports said Thursday. Troubles have mounted for DCG units after FTX's collapse, which shook faith in the crypto industry.  Its brokerage Genesis has made big layoffs, and it faces calls to repay $900 million to Gemini customers.

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Continue Reading Genesis owner DCG has closed its wealth management unit as the crypto giant battles a stream of troubles