Genesis was once a major derivatives trading desk but it was hit hard by the spectacular implosion of Three Arrows Capita and Sam Bankman-Fried s FTX last year.
It is worth noting that the buyback rumor started to surface online recently, with the most recent claim being that Ripple Labs was planning to buyback approximately 10 billion XRPs.
Ripple Emails Reveal: XRP Buybacks Were On The Table newsbtc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsbtc.com Daily Mail and Mail on Sunday newspapers.
DCG, one of the many casualties of the spectacular collapse of the controversial crypto empire FTX, disclosed that it lost more than $1 billion last year.