Crypto conglomerate Digital Currency Group (DCG) said Chief Financial Officer Michael Kraines stepped down in April and revealed that it fully repaid a $350 million senior secured term loan during the first quarter.
DCG reported first-quarter revenue of $180 million, up 63% from the fourth quarter as crypto prices soared, though still down from a year earlier. It also reported a $6 million loss last quarter, based on adjusted earnings before interest, taxes, depreciation and amortization (Ebitda).
https://www.coindesk.com/business/2023/05/02/digital-currency-group-cfo-michael-kraines-stepped-down-in-april/
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