SBF: DCG and Celsius approached it last year hoping to obtain emergency funds, but were rejected
On October 28th, SBF testified in court on Friday and stated that DCG CEO Barry Silbert requested equity capital for DCG's Genesis subsidiary during last year's cryptocurrency market downturn. The bankruptcy of cryptocurrency hedge fund Three Arrows Capital dealt a heavy blow to Genesis, causing significant losses. Cryptocurrency trading platform and lending institution Celsius also once hoped that SBF could provide emergency funding, but SBF rejected the request. Currently, neither DCG nor Celsius has commented on the statement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Kuaishou’s Kling AI set to hit $100 M in sales
Share link:In this post: Kuaishou’s AI video tool Kling is set to hit $100 million in sales by February. Kling generated over 100 million yuan ($14 million) monthly in April and May. The platform uses a token system called “inspiration credits” to sell video creation services.
What Is Pi Network’s GCV and Why Is Everyone Talking About It?
Here’s What 2,000 XRP Could Be Worth by the End of 2025
Trending news
MoreCrypto prices
More
