SEC Fines Digital Currency Group $38 Million for Misleading Investors

Key Highlights:Digital Currency Group (DCG) penalized for negligence in misrepresenting the financial health of its subsidiary, Genesis Global Capital. The $38 million civil penalty follows an SEC investigation into misleading statements made during a financial crisis triggered by Three Arrows Capital’s default. The U.S. Securities and Exchange Commission (SEC) has announced a $38 million fine against Digital Currency Group, Inc. (DCG) for misleading investors about the financial stability of its… 

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