DCG

Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empire

Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert’s DCG empire

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Barry Silbert, Founder and CEO, Digital Currency Group David A Grogan | CNBC Crypto lender Genesis filed for Chapter 11 bankruptcy Thursday night in Manhattan federal court, the latest victim of the industry contagion caused by the collapse of FTX and a crippling blow to a company once at the heart of Barry Silbert’s digital …

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Crypto Investor DCG Reveals Network of Investments Between Units

Crypto Investor DCG Reveals Network of Investments Between Units

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Crypto conglomerate Digital Currency Group has used funds borrowed from its struggling Genesis unit to invest in the products of another subsidiary, underscoring the delicate ties between billionaire Barry Silbert’s empire. Silbert wrote to shareholders on Tuesday explaining that DCG had borrowed $575 million from its broker Genesis, which is now seeking funds to stave …

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