DCG Demands $105M from Genesis Following 3AC Collapse

Following the collapse of Three Arrows Capital (3AC), Digital Currency Group (DCG) has demanded a $105 million payment from its former subsidiary, Genesis Global Capital. This action stems from a previously issued promissory note totaling $1.1 billion which now falls due after 3AC’s bankruptcy. The dispute highlights potential vulnerabilities within the crypto lending sector and may further impact investor confidence in platforms like Genesis.