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Ethereum World News
2022-08-30 14:35:40

Galaxy Digital And Genesis Trading Top Officials File For $500 Million Crypto Fund

Galaxy Digital And Genesis Trading Top Officials File For $500 Million Crypto Fund

Summary: A new SEC filing revealed a $500 million crypto fund dubbed DBA Crypto Fund I LP. Top executives from Convex, Galaxy, and Genesis spearhead the fund, per details from the filing. The massive fund could serve as an extra lifeline for Galaxy Digital and Genesis Trading. Both firms recently recorded hefty losses following a slump in crypto asset prices and exposure to Three Arrows Capital. Genesis recently announced restructuring with the departure of CEO Michael Moro and a 20% […]

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