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Are DCG and Genesis going bankrupt and causing another crypto crash like Terra Luna?

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  • Sources familiar with the matter said that Genesis has hired an investment bank to explore different options, including bankruptcy.
  • DCG chief Barry Silbert wrote to investors explaining the current situation and assured that they would come out stronger from the current crisis.

The contagion of the FTX collapse has spread to some of the biggest players in the crypto space such as the Digital Currency Group (DCG). On Tuesday, November 22, sources familiar with the matter told the New York Times that Genesis Global Capital has hired investment bank Moelis & Company to explore different options including bankruptcy.

The report adds that there aren’t any financial decisions made yet and that Genesis can still look to avoid bankruptcy. As per the previous reports, Genesis Global is looking to raise $1 billion in funds with a deadline of Wednesday. Another option proposed by industry experts is Reg M for Grayscale’s Trust.

In the FTX accounts, the derivatives unit of Genesis Global has more than $175 million locked. Thus, all eyes are now on the parent company Digital Currency Group (DCG), and whether it can help Genesis with its liquidity requirement. Some sources familiar with the matter also stated that Genesis has lowered the ask of fundraising to $500 million. In a note to investors on Tuesday, DCG founder and CEO Barry Silbert spoke about the current situation. He noted:

In recent days, there has been chatter about intercompany loans between Genesis Global Capital and DCG.  For those unaware, in the ordinary course of business, DCG has borrowed money from Genesis Global Capital in the same vein as hundreds of crypto investment firms.  These loans were always structured on an arm’s length basis and priced at prevailing market interest rates.

DCG will come out stronger from this Crypto winter

Barry Silbert further disclosed adding that DCG has a liability of $575 million to Genesis Global due May 2023. He added that DCG used this loan amount to fund different investment opportunities and repurchase the DCG stock from non-employee shareholders in the secondary market.

Furthermore, Silbert reminded investors that there’s a $1.1 billion promissory note due June 2023, that DCG owes Genesis related to the liabilities from the default of Three Arrows Capital. However, Silbert remains confident that DCG can come out stronger from the current mess. He noted:

DCG will continue to be a leading builder of the industry and we are committed to our long-term mission of accelerating the development of a better financial system. We have weathered previous crypto winters and while this one may feel more severe, collectively we will come out of it stronger.

Amid the current liquidity crunch and the mismatch in the loan book, Genesis Global leadership and their board decided to hire legal and financial advisors. The firm is exploring different possible options as of now. “Our goal is to resolve the current situation without the need for filing a bankruptcy,” a Genesis spokesman told the New York Times.

Der Beitrag Are DCG and Genesis going bankrupt and causing another crypto crash like Terra Luna? erschien zuerst auf Crypto News Flash.

Sky is a seasoned cryptocurrency expert with a passion for blockchain technology and digital finance. With years of experience in the crypto industry, he has authored insightful articles on market trends, emerging technologies, and investment strategies. His work has been featured in leading crypto publications, helping both beginners and seasoned investors navigate the complex world of digital assets. Sky is dedicated to providing readers with accurate, up-to-date information to make informed decisions in the rapidly evolving crypto space.

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Aerodrome Finance Faces DNS Hijacking Attack: Users Redirected to Phishing Sites

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Aerodrome Finance — one of the largest decentralized exchanges (DEXs) on Coinbase’s Base network with more than $400 million in total value locked — has suffered a DNS hijacking attack that compromised its front-end website late Friday.

According to the Aerodrome team, attackers managed to infiltrate the centralized domain settings for aerodrome.finance and aerodrome.box, redirecting unsuspecting users to phishing sites designed to steal wallet credentials and drain funds.

Importantly, no smart contracts were compromised. All on-chain components of the protocol — including liquidity pools and treasury funds — remain fully secure.

What Happened? Aerodrome’s Domain Hijacked

The attack targeted Aerodrome’s DNS configuration, allowing hackers to replace the legitimate website with a malicious clone.
Users interacting with the fake interface risked signing transactions that transferred tokens to attacker-controlled wallets.

Because the exploit occurred at the domain level, Aerodrome is now urging users to:

  • Avoid visiting aerodrome.finance and aerodrome.box
  • Use the ENS-backed decentralized mirror:
    aero.drome.eth.limo

Aerodrome stated that My.box, the domain provider, is currently investigating whether a system-level vulnerability enabled the hijack.

User Risks and Safety Guidelines

To protect users from further harm, Aerodrome issued urgent safety recommendations:

Use Only Verified Links

ENS domains bypass traditional DNS infrastructure, reducing the risk of tampering.

Revoke Recent Token Approvals

If a user unknowingly interacted with the phishing domain, criminals could still drain funds through previously granted permissions.
Tools like Revoke.cash allow users to quickly remove risky approvals.

Double-Check Transactions

Never approve token transfers or contract interactions through unverified websites.

Aerodrome previously suffered a similar front-end exploit in late 2023, which resulted in $300,000 in losses. This highlights a recurring challenge across Web3 platforms: while smart contracts may be secure, front-end attacks remain a persistent threat.

Market Response: AERO Token Remains Stable

Despite the security scare, the AERO token remained remarkably stable:

  • Trading at ~$0.67
  • Up 2% in the past 24 hours

Investor confidence appears intact, likely due to clarity that the exploit affected only the website’s front end — not the underlying DeFi infrastructure.

The incident also arrives just days after Aerodrome announced a major merger with Velodrome, combining liquidity and governance elements across Base and Optimism under a unified Aero ecosystem.

Ongoing Investigation

Aerodrome’s security team continues to collaborate with cyber specialists and infrastructure partners to trace the cause and verify the full scope of the attack.

Until the official domains are confirmed safe, the team advises users to rely exclusively on decentralized ENS-based access points.

The event also comes amid rising threats across the crypto space, including the Lazarus Group’s recent $1.4 billion theft from Bybit, underscoring escalating risks in centralized and semi-centralized Web3 systems.

Conclusion

The Aerodrome DNS hijacking attack serves as a powerful reminder that even secure DeFi protocols can be undermined by vulnerabilities at the interface layer. While user funds controlled by smart contracts remain safe, front-end exploits pose serious risks and demand heightened vigilance.

As Aerodrome works toward restoring full security and transparency, users are strongly advised to verify URLs, revoke suspicious approvals, and follow official updates.

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OracleX (ORAX): The Meme Coin Turning Oracle Tech Into On-Chain Chaos

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OracleX is the newest Solana-powered meme token blending high-speed blockchain performance with pure internet chaos. While most meme assets rely on hype alone, OracleX positions itself as a community-driven token that playfully parodies “oracle technology” yet embraces the fast, low-fee environment of modern Solana ecosystems.

What Is OracleX?

OracleX revolves around the concept of “predictive memes” — a humorous take on blockchain oracles and market forecasting. Instead of providing serious data feeds, OracleX delivers community-generated predictions, jokes, and viral content that spread across crypto culture.

At its core, OracleX is:

  • A Solana-native meme coin
  • A community-governed humor ecosystem
  • A high-speed, low-fee token ideal for rapid trades and tipping
  • A social-powered speculation token for meme traders

Why OracleX Is Gaining Attention

OracleX taps into three powerful crypto trends:

  1. Meme Coin Mania
    The rise of Solana meme coins has sparked serious liquidity inflows — OracleX benefits from this momentum.
  2. Community-First Growth
    Its meme culture, predictions, and humor-driven content have become a social magnet for degens.
  3. Fast Transactions for Meme Markets
    Solana’s sub-second speed makes OracleX perfect for micro-transactions and fast trading plays.

Utility — But Make It Meme

While still early, OracleX is pushing into several playful utilities:

  • Meme predictions & on-chain polls
  • Degen leaderboards
  • Community voting for forecasts
  • Meme-based bounty challenges
  • Tipping & micro-economy inside its socials

It’s meme hype with a tongue-in-cheek twist.

Why Traders Are Watching OracleX

  • Early listing momentum
  • Growing community traction
  • Fresh meme narrative (“oracles but stupid”)
  • Easy trading and low friction on Solana

With new meme tokens entering the market daily, OracleX stands out by combining humor with a thematic identity rather than random memes.

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Michael Saylor’s Strategy Adds 130 More Bitcoin in Latest Accumulation Push

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Michael Saylor’s Strategy has once again expanded its Bitcoin war chest — purchasing 130 BTC for $11.7 million between November 17 and 30, 2025.
The acquisition strengthens Strategy’s position as the world’s largest corporate Bitcoin holder, raising its total holdings to 650,000 BTC.

This move comes during a period of heightened market volatility, signaling the company’s unwavering long-term conviction in Bitcoin as a core treasury asset.

Strategy Accelerates Its Bitcoin Accumulation

Strategy, led by Executive Chairman Michael Saylor, announced the latest Bitcoin purchase through Saylor’s update on X (Twitter). The company continues to deploy cash reserves strategically, following a model that prioritizes long-term BTC accumulation regardless of short-term market noise.

Saylor reiterated the firm’s mission, stating:
“Our strategy is long-term. Our conviction in Bitcoin is unwavering.”

This newly added 130 BTC is part of an ongoing series of purchases that have turned Strategy into the leading institutional force behind Bitcoin adoption.

Market Impact: Strategy Solidifies Its Corporate Bitcoin Dominance

Strategy’s consistent buying has become a key sentiment driver within the crypto market. Despite recent price turbulence and shifting profit expectations, the company continues to position Bitcoin at the center of its treasury strategy.

Key impacts include:

  • Reinforced institutional trust in Bitcoin as a long-term reserve asset
  • Heightened market attention to Strategy’s buying patterns
  • Strengthened corporate Bitcoin adoption narrative across traditional finance

Analysts note that Strategy’s strong cash position, including a $1.44B reserve for dividend support, gives the company considerable runway to continue accumulating regardless of market conditions.

A Long-Term Bitcoin Vision

The purchase aligns with Strategy’s broader outlook:
Bitcoin is not a speculative asset — it is the foundational monetary network of the future.

By increasing its holdings even during uncertain market phases, Strategy signals:

  • Confidence in Bitcoin’s long-term appreciation
  • Trust in decentralized digital assets over traditional monetary systems
  • Commitment to expanding its role in shaping corporate Bitcoin treasury standards

Historical behavior shows that Saylor’s team buys through dips, consolidations, and even rallies — adhering to a disciplined, multi-year strategy rather than short-term speculation.

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