DCG Under Scrutiny Over Internal Transfer, Faces Investigation
According to the latest reports from Bloomberg, Digital Currency Group ( DCG ) is under scrutiny for its internal financial dealings. The information is from people who are familiar with the matter. Details from the report reveal that the authorities are looking into the internal transfer between DCG and one of its financially troubled subsidiaries. The individuals familiar with the matter also stated that the subsidiary is a cryptocurrency lending service platform. Sources asked for anonymity, as the investigation has not been made public yet. The investigators are also looking into the information conveyed to the investors about these transactions. Source: Bitcoin Magazine DCG prosecutors have also begun to request documents One of the sources revealed that the investigators are requesting documents and interviews, and another source stated that the SEC is conducting an investigation. However, the investigation seems to be still in its early phases, and no wrongdoing has...