Digital Currency Group agrees to pay $38 million to settle with SEC over negligence
Companies
• January 17, 2025, 12:23PM EST
Published 1 minute earlier on
UPDATED: January 17, 2025, 1:14PM EST
Quick Take
The SEC said that one of Genesis’ largest borrowers was asset hedge fund Three Arrows Capital and said on June 13 that the fund “failed to meet a margin call.”
“Digital Currency Group negligently engaged in conduct that misleadingly downplayed the impact of that default,” the SEC said in a filing on Friday.
Global investment firm Digital Currency Group agreed to settle and ...
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