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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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