Crypto publication CoinDesk hires Lazard to explore sale as crisis deepens at parent company DCG
Publishing timestamp: 2023-01-18 17:17:50
Summary
Crypto publication CoinDesk is exploring potential sale of its business, hiring advisors at Lazard to weigh the move. This comes after a crypto meltdown has hit Digital Currency Group, which faces mounting debt and regulatory probes. CoinDesk is looking to attract growth capital, which may include partial or full sale. The SEC has charged Genesis, a crypto lender owned by DCG, for unregistered securities sales.
Sentiment: MIXED
Keywords: cryptocurrency, investment strategy, cryptocurrency exchanges, business news, technology, ftx token/usd coin metrics, fintech, lazard ltd,
Source: https://www.cnbc.com/2023/01/18/coindesk-engages-lazard-to-explore-sale-as-dcg-crisis-grows.html