Genesis will receive a $140 million equity injection from its parent company DCG

ChainCatcher news, the cryptocurrency company Genesis will receive a $140 million equity infusion from its parent company Digital Currency Group (DCG). The funding will be used to strengthen Genesis's balance sheet and solidify its position in the crypto market.

Earlier, ChainCatcher reported that Genesis Trading disclosed that $175 million of its derivatives-related assets were locked in FTX accounts. (Source link)