According to BlockBeats, on October 28, SBF testified in court on Friday that DCG CEO Barry Silbert asked SBF to provide equity capital for DCG's Genesis subsidiary during the crypto market downturn last year. Last year, the collapse of cryptocurrency hedge fund Three Arrows Capital hit Genesis hard, causing it to suffer heavy losses. Celsius, a cryptocurrency trading platform and lender, also hoped that SBF could provide it with emergency funds, but SBF rejected the request. At present, neither DCG nor Celsius has commented on the remarks.
SBF: DCG and Celsius approached it last year hoping to get emergency funding, but were rejected.
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