Barry Silbert, Founder and CEO, Digital Currency Team
Anjali Sundaram | CNBC
Cryptocurrency trade publication CoinDesk is exploring a potential sale, hiring advisors at Lazard to consider a move that would remove it from Barry Silbert’s Digital Currency Team.
“Over the past few months, we have received numerous signs of interest in CoinDesk,” CEO Kevin Worth said in an emailed statement. The Wall Street Journal was the first to report on the media company’s hiring of Lazard.
CoinDesk, launched in 2013, broke the first story of a balance sheet mismatch at Sam Bankman-Fried’s Alameda Research. That report caused a downward spiral at crypto exchange FTX, eventually leading to the company’s demise in November, the arrest of Bankman-Fried and numerous regulatory investigations.
Contagion from FTX crisis hits sister company CoinDesk so bright, a crypto lending firm also owned by DCG has hired advisors for the possibility of filing for bankruptcy after freezing withdrawals and loan initiation. Genesis is also the subject of a SEC fee along with the Gemini cryptocurrency exchange.
Worth said Lazard will help CoinDesk “explore various options for attracting growth capital to CoinDesk’s business, which may include a partial or full sale.”
A representative for DCG did not immediately respond to requests for comment.
CLOCK: SEC charges Genesis for selling unregistered securities
