On June 6th, Data Finnovation, a blockchain analysis company ChainArgos, revealed in a blog post that Digital Currency Group (DCG) has an investment subsidiary called HQ Digital, which serves DCG founder Barry Silbert. , which manages about $3.6 billion in assets, borrowed $1 billion from Genesis Global in early 2022 and repaid it to Genesi when it assumed Three Arrows Capital responsibilities. Launched in late 2021, HQ Digital is registered with the U.S. Securities and Exchange Commission and has not advertised any business. Data Finnovation believes that the above-mentioned transaction between HQ Digital and Genesis is an internal transaction, and suspects that it is the real reason for DCG to delay negotiations.
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