Digital Currency Group (DCG), which was hit hard by the collapse of the FTX stock market, stated that its losses exceeded $ 1 million.
The FTX crisis last year had a bad effect on the crypto industry in every field. After the scandal, the venture capital company DCG reported that the losses exceeded 1 million dollars in value. DCG was particularly hurt by the collapse of the crypto hedge fund Three Arrows Capital (3AC). Scandalous events in the crypto industry in 2022 have damaged every aspect of the industry, and the effects of these losses continue.
DCG Stated That The Losses Continue With The Statements It Made!
DCG, which suffered a great loss after the bankruptcy of the famous crypto exchange FTX, stated that many companies it owns continue to suffer. Touching on 3AC in particular, DCG announced that the total loss experienced by the company last year was over $1 billion.
He also stated that according to DCG’s last quarter reports for 2022, losses continue and there is a net loss of $ 1.1 billion. DCG, in its fourth quarter report for last year, added that the company’s revenues were approximately $143 million.
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