Investor group nears $125 million deal for CoinDesk – WSJ

(Reuters) – A bunch led by blockchain traders Matthew Roszak and Peter Vessenes are nearing a $125 million deal for cryptocurrency-focused media agency CoinDesk, the Wall Road Journal reported on Thursday, citing individuals aware of the matter.

CoinDesk is presently owned by crypto conglomerate Digital Forex Group (DCG), which purchased it in 2016. Any sale would seemingly bolster DCG’s monetary power as the corporate appears to drag its Genesis unit out of chapter.

DCG was additionally sued by Gemini, the biggest creditor of Genesis, earlier this month, after the businesses did not conform to a restructuring deal for the bankrupt unit.

CoinDesk, Roszak’s funding agency Tally Capital and Vessenes’s household workplace didn’t instantly reply to Reuters requests for remark.