The largest decentralized storage project, Filecoin (FIL), experienced a drop of more than 30% on the 17th, falling from $4 to $2, and it was $3 before the deadline. I finally found that Google Cloud is available", but the reason that attracted the most attention should be: "DCG Group's investment portfolio fell across the board", adding another wave of insecurity towards DCG Group.
Market flat, DCG portfolio down
From the DCG Group portfolio organized by Messari , on December 17, it can be seen that in addition to the sharp drop in FIL, all other currencies also fell. (A total of 18 transactions, only BTC and HNS maintained a drop of less than 1%).
DCG panic messages keep coming
Due to the FTX incident, Genesis, a lending company under DCG, has been continuously questioned, and it has even been reported that DCG has incurred $2.1 billion in bad debts.
Some people think that DCG is liquidating the portfolio due to the decline in the investment portfolio this time, but it cannot be confirmed.
Grayscale FIL fund is tragic
Then look at the Filecoin Trust product of Grayscale, a subsidiary of DCG, which has depreciated by 93.07% since its establishment, leaving 419,000 assets under management.
