Tags: Barry Silbert

A filing from New York Attorney General Letitia James alleges that the cryptocurrency companies defrauded investors of over $1 billion.

DCG Reaches Preliminary Agreement with Genesis Creditors, Offering Potential 70-90 Recovery

Digital Currency Group (DCG) is reportedly under investigation in New York for financial transactions involving its subsidiary, Genesis Global Capital.

Digital Currency Group Hires Mark Shifke as CFO; Q2 Revenue Surges

Billionaire Winklevoss Twins and DCG‘s Barry Silbert Dispute Takes a Nasty Turn

This week’s Crypto Biz also explores Gemini’s fight with the Digital Currency Group (DCG) over user funds, new banking tools for the digital yuan, and OpenAI’s efforts to stop users from jumping paywalls.

Winklevoss’ Gemini Sues DCG and Barry Silbert For Fraud

Gemini co-founder Cameron Winklevoss alleged Barry Silbert committed fraud by knowing Genesis was “massively insolvent” when attempting to continue the Earn program.

In an open letter, Cameron Winklevoss slammed DCG‘s Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn customers.

Today in Crypto: Elon Musk Accused of DOGE-Related Insider Trading, Xapo Integrates with the Single Euro Payments Area Network, US CFTC Mulls Rules Change to Include Crypto Risk

Digital Currency Group‘s Q1 2023 Revenue Jumps, CFO Michael Kraines Resigns – Here‘s the Latest

The purported sales are the latest measures the embattled firm has taken following moves in recent months to raise capital and preserve liquidity.

Genesis CEO Barry Silbert should have come clean after FTX imploded. Instead, he’s still deflecting responsibility for his company’s bankruptcy.

Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit.

A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection.

Genesis, a subsidiary of Barry Silbert‘s Digital Currency Group, filed for Chapter 11 bankruptcy on Jan. 19. Its default could have big implications for the crypto industry.