"Virtual Asset Media CoinDesk Exploring Sale"

[Asia Economy New York=Special Correspondent Joselgina] CoinDesk, a virtual asset specialized media company, is exploring the possibility of selling the company through investment bank Lazard, the Wall Street Journal (WSJ) reported on the 18th (local time).

[Image source=Reuters Yonhap News]

Kevin Worth, CEO of CoinDesk, stated, "We have received numerous inquiries about the possibility of acquiring the company over the past few months." Anonymous sources confirmed that Digital Currency Group (DCG), the parent company of CoinDesk, has received multiple offers to acquire CoinDesk for more than $200 million (approximately 247.8 billion KRW).

Founded in 2013, CoinDesk was sold to DCG in 2016 for $500,000. Officials stated that last year, CoinDesk recorded $50 million in revenue through online advertising, events, and other channels.

In November last year, CoinDesk obtained the balance sheet of Alameda Research, a subsidiary of the cryptocurrency exchange FTX, which reportedly showed that most of the assets were filled with FTT tokens.

Another affiliate of DCG, cryptocurrency lending company Genesis Global Capital, recently laid off 30% of its employees and is reportedly considering filing for bankruptcy, WSJ previously reported.

This content was produced with the assistance of AI translation services.