DCG Paid Off $575 Million in Debt Since End of 2022, $720 Million Stolen across 117 Breaches in Q3

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By BitcoinWiki News

Key Takeaways:

– Digital Currency Group (DCG) has paid off $575 million in debt, including $225 million to its bankrupt lending subsidiary Genesis.
– $720 million was stolen through 117 major breaches in Q3 2023, emphasizing the need for improved security measures.
– Cathedra Bitcoin has launched CathedraOS, an aftermarket software product for bitcoin mining machines.
– The crypto segment is experiencing slower growth compared to the broader iGaming industry.
– CoinEx has partnered with SlowMist to enhance its security infrastructure, starting with anti-money laundering measures.
– Bitget has launched an incentive program for top market makers in the crypto sector, offering trading fee rebates and monthly rewards.


1. Digital Currency Group (DCG) has paid off $575 million in debt since the end of 2022, including $225 million to its bankrupt lending subsidiary Genesis.
2. In Q3 of 2023, $720 million was stolen in 117 major breaches, emphasizing the need for stronger security measures. Rug pulls, exploiting investor FOMO, were particularly frequent but only a small percentage of projects had undergone audits.
3. Cathedra Bitcoin has launched CathedraOS, a free aftermarket software product for bitcoin miners, allowing for capex- and opex-free hashrate expansion.
4. The crypto segment is growing slower compared to the broader iGaming industry, with an 18.7% monetary growth in crypto bets and a 66.4% increase in the number of bets since 2022.
5. CoinEx has formed a strategic alliance with SlowMist to enhance the platform’s security infrastructure, starting with a focus on anti-money laundering measures.
6. Bitget has launched an incentive program for market makers, offering trading fee rebates and monthly rewards based on liquidity contributions to the Bitget Spot Market.

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