DCG: All short-term debts have been repaid, and the only remaining debt is the $1.1 billion promissory note owed by its crypto lending division Genesis after its bankruptcy eight years later.

according to The Block, DCG announced in its quarterly shareholder letter this week that it has fully repaid its short-term debts as of June. Over the past 18 months, the company has repaid more than $1 billion to creditors, particularly boosted by strong performance in the first half of this year.

It is reported that the only remaining debt for the company is a $1.1 billion promissory note, which is due in 2032, at which point its crypto lending division Genesis will be bankrupt.