Posted 11/20/2023, 2:40:16 PM
Crypto Exchange Bullish Acquires CoinDesk Amid DCG Financial Struggles After FTX Collapse
- CoinDesk acquired by crypto exchange Bullish in undisclosed all-cash deal after parent company DCG faced financial issues from FTX collapse
- Bullish run by former NYSE president Tom Farley; CoinDesk to operate independently
- Launch of editorial committee led by ex-WSJ editor Matt Murray
- DCG's crypto lender Genesis had funds in FTX, leading to its collapse and lawsuits
- Bullish will inject capital into CoinDesk growth initiatives like new services, events, and products