Crypto publication CoinDesk hires Lazard to explore sale as crisis deepens at parent company DCG

Crypto commercialized work CoinDesk is exploring a imaginable sale, hiring advisors astatine Lazard to measurement a determination that would region it from Barry Silbert's Digital Currency Group.

"Over the past fewer months, we person received galore inbound indications of involvement successful CoinDesk," CEO Kevin Worth said successful an emailed statement. The Wall Street Journal was archetypal to study connected the media company's hiring of Lazard.

CoinDesk, which launched successful 2013, broke the archetypal communicative astir imaginable equilibrium expanse improprieties astatine Sam Bankman-Fried's Alameda Research. That reporting sparked a downward spiral astatine crypto speech FTX, yet starring to the illness of the institution successful November, the apprehension of Bankman-Fried and aggregate regulatory probes.

The contagion from the FTX meltdown deed CoinDesk sister institution Genesis, a crypto lender besides owned by DCG that's hired advisors for a imaginable bankruptcy filing aft freezing withdrawals and indebtedness originations. Genesis is besides the taxable of an SEC charge alongside crypto speech Gemini.

Worth said Lazard volition assistance CoinDesk "explore assorted options to pull maturation superior to the CoinDesk business, which whitethorn see a partial oregon afloat sale."

A typical for DCG did not instantly respond to requests for comment.

WATCH: The SEC charges Genesis for unregistered securities sales