Digital Currency Group faces NY probe over linkage to troubled Genesis: Bloomberg
Over the last few months, New York Attorney General Letitia James’ office has asked for information from former executives of Genesis, including former Genesis chief risk officer Michael Patchen, Bloomberg reported on Friday, citing people familiar with the matter.
for bankruptcy protection earlier this year after taking a financial hit following the collapses of the crypto hedge fund Three Arrows Capital and the FTX exchange last year.This is not the first time Genesis has been the subject of investigations. The Securities and Exchange Commissionthat the Earn program constituted an unregistered offer and sale of securities under U.S. law.
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