Barry Silbert – DIGIT INFO

Report: DCG, Barry Silbert Seek Dismissal of NYAG Lawsuit, Citing ‘Baseless Innuendo’ and Integrity in Operations

DIGIT — Wed, 06 Mar 2024 19:00:33 +0000

Digital Currency Group (DCG) has submitted a request to the court to drop the legal action taken against it by New York Attorney General Letitia James. DCG argues that it’s “wrongfully” depicted and maintains that the lawsuit is nothing but a “thin web of baseless innuendo.” DCG Challenges NYAG’s Legal Action Last year, the New […]

Go to Source

New York AG probes transactions at Genesis, ties with Barry Silbert: Report

DIGIT — Sat, 05 Aug 2023 17:50:00 +0000

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

Go to Source

Crypto Biz: Winklevoss slams Silbert, Twitter’s double-edged sword and more

DIGIT — Sat, 08 Jul 2023 14:32:09 +0000

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.

Go to Source

Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program

DIGIT — Fri, 07 Jul 2023 15:17:00 +0000

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

Go to Source

Opinion: Barry Silbert keeps quiet as Genesis goes down in flames

DIGIT — Thu, 26 Jan 2023 19:22:08 +0000

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

Go to Source

Genesis creditors file securities lawsuit against Barry Silbert and DCG

DIGIT — Tue, 24 Jan 2023 11:49:47 +0000

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

Go to Source

Genesis’ bankruptcy filing was decided by independent committee according to DCG

DIGIT — Fri, 20 Jan 2023 20:45:00 +0000

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

Go to Source

Opinion: Digital Currency Group’s Genesis implosion: What comes next?

DIGIT — Fri, 20 Jan 2023 19:52:51 +0000

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.

Go to Source

Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit

DIGIT — Fri, 20 Jan 2023 14:00:21 +0000

Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations and facilitate the restructuring process.” Genesis’ Bankruptcy Filing Genesis Global Holdco LLC, a […]

Go to Source

Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis

DIGIT — Wed, 18 Jan 2023 20:30:10 +0000

According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission (SEC) charging a subsidiary firm of DCG, Genesis Global Capital, with operating an “unregistered offer and sale of securities to retail […]

Go to Source