According to Bloomberg, citing people familiar with the matter, Genesis Global has US$2.8 billion in outstanding loans on its balance sheet, about 30% of which are loaned to related parties, including its parent company DCG. Among them, a loan subsidiary called Genesis Global Capital The company has been borrowing money from Genesis Global Trading. Barry Silbert, founder and chief executive of DCG, the parent company of Genesis, said in a letter to shareholders on Tuesday that the intercompany loan was made in the ordinary course of business. As previously reported, Barry Silbert said DCG has liabilities of approximately $575 million to Genesis Global Capital.