DCG: All short-term debts have been repaid, and the only remaining debt is the $1.1 billion promissory note owed by its crypto lending division Genesis after its bankruptcy eight years later.
Sep 05, 2024 12:41:38
ChainCatcher news, according to The Block, DCG announced in its quarterly shareholder letter this week that it has fully repaid its short-term debts as of June. Over the past 18 months, the company has repaid more than $1 billion to creditors, particularly boosted by strong performance in the first half of this year.
It is reported that the only remaining debt for the company is a $1.1 billion promissory note, which is due in 2032, at which point its crypto lending division Genesis will be bankrupt.
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