SBF: DCG and Celsius approached it last year hoping to obtain emergency funds, but were rejected
On October 28th, SBF testified in court on Friday and stated that DCG CEO Barry Silbert requested equity capital for DCG's Genesis subsidiary during last year's cryptocurrency market downturn. The bankruptcy of cryptocurrency hedge fund Three Arrows Capital dealt a heavy blow to Genesis, causing significant losses. Cryptocurrency trading platform and lending institution Celsius also once hoped that SBF could provide emergency funding, but SBF rejected the request. Currently, neither DCG nor Celsius has commented on the statement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitget CFD Championship (phase 19): Four reward pools, 75,000 USDT to share
Bitget to Adjust CFD Leverage During Special Trading Periods in the Fourth Week of October 2026
Upgraded App copy trading experience
Axis Robotics (AXIS) to be listed on Bitget Launchpool — Grab a share of 1,333,333 AXIS
Crypto prices
More
