Digital Currency Group (DCG) appears to have avoided possible bankruptcy as its sister firms, and Genesis subsidiaries, have reached an agreement with creditors to avoid going under.
Digital Currency Group has come to an agreement in principle, according to a source known to Coindesk. The plan aims to restructure the company through the use of its main creditors.
This is a developing story
BeInCrypto has reached out to company or individual involved in the story to get an official statement about the recent developments, but it has yet to hear back.