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Crypto conglomerate DCG seeks to refinance outstanding obligations and raise growth capital for bankrupt lending division Genesis.

Digital Currency Group (DCG) has announced its plans to refinance its outstanding obligations with Genesis, its bankrupt lending division, and raise growth capital. These obligations can be in the form of loans, receivables, or any payments due between the two entities. DCG aims to provide "further financial flexibility" as it engages with stakeholders in Genesis Capital's bankruptcy proceedings. Parties involved in the bankruptcy proceedings have agreed to a 30-day mediation period to work out the terms and conditions of DCG's contribution to the reorganization plan.

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