Investor community nears $125 million deal for CoinDesk – WSJ

Investor community nears $125 million deal for CoinDesk – WSJ

© Reuters. FILE PHOTO: Representations of cryptocurrencies are viewed on this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration//File Photo

(Reuters) – A community led by blockchain merchants Matthew Roszak and Peter Vessenes are nearing a $125 million deal for cryptocurrency-targeted media agency CoinDesk, the Wall Facet motorway Journal reported on Thursday, citing of us familiar with the topic.

CoinDesk is currently owned by crypto conglomerate Digital Currency Neighborhood (DCG), which sold it in 2016. Any sale would seemingly bolster DCG’s financial energy because the firm appears to drag its Genesis unit out of business extinguish.

DCG was once additionally sued by Gemini, the excellent creditor of Genesis, earlier this month, after the companies failed to conform to a restructuring deal for the bankrupt unit.

CoinDesk, Roszak’s investment agency Tally Capital and Vessenes’s family office didn’t immediately retort to Reuters requests for observation.

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