Reports indicate Crypto broker Genesis owes creditors more than $3 billion, exacerbating the financial struggles of its parent company, Digital Currency Group (DCG). This staggering debt is forcing DCG to explore various options, including potentially selling assets to alleviate the pressure. According to a Jan. 12 report from the Financial Times, Cryptocurrency broker Genesis Global Trading allegedly owes its creditors more than $3 billion. Digital Currency Group’s crypto brokerage firm Genesis owes creditors more than $3 billion, which is pressuring the crypto conglomerate to consider selling assets in the face of mounting financial obligations. The situation is increasingly concerning, with Crypto lender Genesis owes up to $3 billion to clients, and its parent company scrambling for solutions. Crypto broker Genesis owes creditors more than $3 billion, a person familiar with the matter told Reuters, as woes pile up for its owner, venture capital company Digital Currency Group. The crisis at Genesis continues to send ripples through the cryptocurrency market, highlighting the inherent risks and interconnectedness within the digital asset ecosystem. Stay updated on the latest developments regarding Genesis's debt and DCG's efforts to navigate this challenging financial landscape.