'CoinDesk' Hires Lazard To Explore Potential Sale: Reports

CoinDesk, a crypto publication that recently scored a scoop when it reported that Alameda Research, the sister company of crypto firm FTX, was on shaky financial ground, has hired Lazard to explore a possible sale. 

“Over the last few months, we have received numerous inbound indications of interest in CoinDesk,” CEO Kevin Worth said in an emailed statement, according to CNBC. 

The publication, owned by Barry Silbert’s Digital Currency Group (DCG), broke the news about FTX in November. FTX and Alameda soon filed for bankruptcy, according to The New York Times. 

More recently, CoinDesk covered problems at Genesis, a cryptocurrency lender also owned by DCG. Genesis laid off 30% of its staff and is the subject of a federal investigation over alleged selling of unregistered securities “through a program that promised investors high interest on deposits,” the Times writes. 

Michael Casey, the chief content officer at CoinDesk, said, “We cover DCG like any other company -- that’s part of our regular coverage,” in a statement to the Times. 

CoinDesk’s hiring of Lazard was first reported by The Wall Street Journal. 



Next story loading loading..