Genesis Owes Clients $3B, DCG Seeks to Offload Assets: Report

• According to FT, crypto broker Genesis owes up to $3 billion to clients, and its parent company is looking to offload assets to raise money.
• Genesis has been in the news lately after it halted withdrawals in November.
• In recent news, Gemini CEO and co-founder Cameron Winklevoss accused DCG of defrauding its Earn users and asked for DCG’s CEO to step down.
• DCG has one of the biggest venture portfolios in the crypto world including firms like Coinbase, FTX, Kraken and Blockchain.com.

This is a developing story and will be updated.