Regulators in several states, including Alabama, are investigating Genesis Global Capital, according to Barron's. Include Genesis' connections to retail investors and whether it or other industry participants may have violated securities laws. Alabama Securities Commission Director Joseph Borg said Alabama and several other states were involved in the investigation, which focused on whether Genesis and several other firms enticed residents of their states to invest in crypto securities without registering. . Genesis Global Capital is a subsidiary of Stamford, Connecticut-based Digital Currency Group (DCG), which previously had approximately $575 million in liabilities to Genesis Global Capital, according to DCG founder and CEO Barry Silbert. Genesis Global Capital has hired investment bank Moelis & Company to explore options including bankruptcy, Bloomberg reported, citing people familiar with the matter. Genesis Global has $2.8 billion in outstanding loans on its balance sheet, about 30% of which are to related parties, including Its parent company DCG.