Digital Currency Group – Page 8

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

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

Cryptocurrency exchange Luno fired 330 employees on Jan. 25, joining other DCG companies in cutting headcount.

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

A lawyer for Genesis is optimistic it can resolve creditor disputes before the week is out while the firm could exit bankruptcy proceedings in four

The first hearing in Genesis Capital’s bankruptcy case will be held on January 23, according to court filings.

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