It’s hard to tell who is faring worse, Barry Silbert, or his stable of companies. The one-time paper billionaire’s wealth has cratered to the mere hundreds of millions, and the crypto empire it staked to, that he spent nearly a decade building, is looking shakier...
October 19, 2023
Crypto exchange Gemini and venture capital firm Digital Currency Group (DCG) are facing a lawsuit filed by New York Attorney General Letitia James, alleging the companies defrauded customers of $1.1 billion. The lawsuit, filed Thursday (Oct. 19), accuses Gemini and DCG’s Genesis Global Capital unit of not disclosing the risks associated with a crypto-lending program they launched in 2021, Bloomberg […]
