Market
Additional SEC Charges Against DCG by End of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
SEC announcements or press releases
Story
SEC Charges Digital Currency Group for Misleading Investors, Settles for $38 Million Over $500 Million Revenue Overstatement and Sanctions Genesis CEO
Jan 17, 2025, 05:03 PM
The U.S. Securities and Exchange Commission (SEC) has charged Digital Currency Group (DCG) for allegedly misleading investors, resulting in a settlement of $38 million. The charges stem from practices related to Genesis, a lending platform under DCG, which the SEC claims involved misleading statements to investors. Additionally, the SEC has sanctioned the CEO of Genesis for similar misleading actions. The allegations include overstating revenue by approximately $500 million, highlighting serious concerns regarding transparency and compliance within the digital currency sector.
View original story
Similar markets
$100 million to $200 million • 25%
More than $200 million • 25%
$50 million to $100 million • 25%
Less than $50 million • 25%
Three Arrows Capital • 25%
Digital Currency Group • 25%
Other related company • 25%
Genesis Global Capital • 25%
New SEC charges • 25%
No further action • 25%
Other government agency charges • 25%
Class action lawsuit • 25%
Minor Misconduct Found • 25%
Severe Misconduct Found • 25%
No Misconduct Found • 25%
Significant Misconduct Found • 25%
No further action • 25%
Other • 25%
New charges • 25%
Settlement reached • 25%
$100 million to $200 million • 25%
More than $200 million • 25%
Less than $50 million • 25%
$50 million to $100 million • 25%