Digital Currency Group, better known as DCG, is currently under investigation by U.S. authorities.
According to a report by Bloomberg, U.S. prosecutors in New York – specifically, the city of Brooklyn – are assessing the internal transfers between the multibillion-dollar crypto conglomerate and its crypto lending arm, Genesis Global Capital.
The crypto lending company has been in the spotlight for a long time following its heavy losses last year.
Based on anonymous sources that are close to the investigation, the federal prosecutors are already conducting interviews with certain personnel and requesting office documents.