First Mover Americas: DCG Reportedly Probed for Genesis Transfers

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First Mover Americas: DCG Reportedly Probed for Genesis Transfers
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DCG is being investigated by the SEC over financial transfers between the company its Genesis unit. Solana $SOL and Cardano $ADA post 15% gains on the day. LedesmaLyllah reports.

and its Genesis unit. The prosecutors with the DOJ's Eastern District of New York office have requested interviews and documents from DCG and Genesis, the report said, while the SEC appears to be in a similarly early stage of its own inquiry.

The report, which cited people familiar with the matter, said that neither Genesis nor DCG, which is also the parent company to CoinDesk, have"been accused of wrongdoing."amid signs of recovery over the weekend. SOL and ADA were up over 15% on Monday morning, before seeing a slight price retreat as traders took

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