Discussion

• @iohk_charles Charles Hoskinson on x

  You know, I just realized that Coindesk is for sale. https://twitter.com/...

• @tedkempcnbc Ted Kemp on x

  CoinDesk broke the story about potential balance sheet improprieties at Alameda Research. That reporting sparked a downward spiral at crypto exchange FTX. Then the contagion from the FTX meltdown hit CoinDesk sister company Genesis. @rogoswami @CNBC https://www.cnbc.com/...

• @eleanorterrett Eleanor Terrett on x

  🚨NEW: @CoinDesk is engaged in talks with investment bank Lazard to explore a full or partial sale from its parent company @DCGco. The news comes following today's report that @GenesisTrading, another DCG firm, could file for bankruptcy this week.

• @pressgazette @pressgazette on x

  Crypto news outlet Coindesk has reportedly received “multiple unsolicited offers north of $200m in the past few months” and is now exploring a sale. The publication notably broke the story in November that led to the downfall of crypto exchange FTX https://www.wsj.com/...

• @scottmelker @scottmelker on x

  How much are we buying Coindesk for?

• @dylanleclair_ Dylan LeClair on x

  *COINDESK HIRES LAZARD TO EXPLORE POSSIBLE SALE OPTIONS: WSJ* DCG subsidiary firesale inbound... https://twitter.com/...

• @ap_abacus Andrew on x

  Tough times to be attempting a fire sale; declining ad revenue, no meaningful research arm/subs. **CoinDesk's value is essentially a small multiple of their annual conference revs. https://twitter.com/...

• @wublockchain Wu Blockchain on x

  WSJ: DCG Subsidiary CoinDesk has retained investment bankers at Lazard to help it explore options including a partial or full sale. CoinDesk generated $50m in revenue last year from online advertising as well as its index and events business. https://www.wsj.com/...

• @aarondbennett Aaron Bennett on x

  Digital Currency Group owns CoinDesk and now they're looking to sell. https://www.wsj.com/...

• @zerohedge @zerohedge on x

  CoinDesk's FTX report led to the bankruptcy of its parent. how ironic https://twitter.com/...

• @mbtcpiz Nick Cote on x

  https://www.wsj.com/... ‘Whoever controls the media, controls the mind’ Now is your chance.

• @ap_abacus Andrew on x

  UPDATE: The @GenesisTrading news regarding a ‘pre-packaged bankruptcy’ is being refuted by several Genesis creditors that matter. **several sources claim that DCG/Genesis is leaking the pre-packaged bankruptcy narrative to force an agreement. Quote: “...far from a done deal”

• @ap_abacus Andrew on x

  UPDATE: @GenesisTrading prepares Ch. 11 bankruptcy filing. Expect an announcement no later than early next week (likely end of this week). **DCG doing all it can to protect the DCG brand name, even if it means sacrificing a portfolio company and it's creditors.

• @ap_abacus Andrew on x

  UPDATE: DCG/Genesis bankruptcy includes provisions for large creditors. **includes DCG equity, forbearance up to two years, leadership changes. **not a done deal

• @fintechfrank Frank Chaparro on x

  NEW: Genesis Global Capital creditors are negotiating a prepackaged bankruptcy plan with the firm, two sources familiar with the talks told The Block.

• @tier10k @tier10k on x

  [DB] Creditors Would Agree to a Forbearance Period Between One and Two Years Under a Prepackaged Bankruptcy Plan in Exchange for Cash Payments and Equity in DCG: The Block

• @johnreedstark John Reed Stark on x

  Another one bites the dust. Genesis Global Capital is laying the groundwork for a bankruptcy filing as soon as this week. Meanwhile, Genesis parent DCG told shareholders that it's suspending quarterly to conserve cash. The crypto ecosystem is crumbling. https://www.reuters.com/..…

• @keithmccullough Keith McCullough on x

  negotiating tools, but they are alleging fraud at DCG/Genesis which escalates things #CryptoFraud is alive and well until fully regulated and prosecuted @AlderLaneEggs https://twitter.com/...

• @thestalwart Joe Weisenthal on x

  “Creditors, Genesis and DCG exchanged several proposals, but have so far failed to come to an agreement, the people said. Kirkland & Ellis and Proskauer Rose have been advising groups of creditors.” https://twitter.com/...

• @byzgeneral @byzgeneral on x

  It's the creditors' turn, Barry. And it looks like the play is bankruptcy. At the end of the day this is probably a good thing tbh. Maybe this isolates the damage and DCG can still live when all is said and done. https://twitter.com/...

• @wublockchain Wu Blockchain on x

  Genesis is laying the groundwork for a bankruptcy filing as soon as this week. The company is working toward a restructuring plan and had swapped proposals with its creditors, some of whom had suggested receiving a mix of cash and equity from DCG. BBG https://www.bloomberg.com/..…

• @emilyjnicolle Emily Nicolle on x

  Genesis is laying the groundwork for a bankruptcy filing as soon as this week. The company is working toward a restructuring plan and had swapped proposals with its creditors, some of whom had suggested receiving a mix of cash and equity from DCG https://www.bloomberg.com/...

• @safemoonspidey @safemoonspidey on x

  This has been talked about along with the possibility of Grayscale collapsing for about 1.5-2 months... Are the next “Black Swans” upon us? This could be something to watch... Don't be shy to take some profits OR just have some capital ready to buy the dip... 1🧵 https://twitter.c…

• @dylanleclair_ Dylan LeClair on x

  It's worth noting RE: Genesis/DCG solvency that the $GBTC discount has widened once again over recent days. https://twitter.com/...

• @sgjohnsson Scott Johnsson on x

  @NorthRockLP Prepack bankruptcy would be very good news. Would not comparable to the freefall FTX bankruptcy, so Id expect little to no market impact and a very quick process (K&E has done them in a day). Similar outcome to a regular out of court restructuring.

• @goldtelegraph_ @goldtelegraph_ on x

  “DCG told shareholders that it's suspending quarterly dividends in an effort to conserve cash, according to a Jan. 17 letter to shareholders seen by Bloomberg...” Source: https://www.bloomberg.com/...