DCG Under Probe By U.S. Authorities
The Digital Currency Group, or DCG, is currently under investigation by US authorities.
According to Bloomberg, US prosecutors in New York, specifically Brooklyn, are investigating internal transfers between the multibillion-dollar crypto conglomerate and its crypto lending arm, Genesis Global Capital.
Following its massive losses last year, the crypto lending company has been in the spotlight for quite some time.
According to anonymous sources close to the investigation, federal prosecutors are already interviewing certain personnel and requesting office documents.
In a statement, a DCG spokesman denied that the American venture capital firm was under investigation.
(Reporting by Shikha Singh; Editing by Kapil Rajyaguru)
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