SBF: DCG and Celsius approached it last year hoping to obtain emergency funds, but were rejected
On October 28th, SBF testified in court on Friday and stated that DCG CEO Barry Silbert requested equity capital for DCG's Genesis subsidiary during last year's cryptocurrency market downturn. The bankruptcy of cryptocurrency hedge fund Three Arrows Capital dealt a heavy blow to Genesis, causing significant losses. Cryptocurrency trading platform and lending institution Celsius also once hoped that SBF could provide emergency funding, but SBF rejected the request. Currently, neither DCG nor Celsius has commented on the statement.
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