FTX debtor Alameda Research is suing Grayscale, Digital Currency Group and CEO Barry Silbert in an effort to recover share value. Alameda claims Grayscale’s fee structure and failure to allow in...
Tag: Barry Silbert
Genesis Agreement Will See Gemini Contribute $100M to Compensate Earn Users
Bankrupt crypto lender Genesis has reached an agreement in principle with Gemini and other creditors on a restructuring plan about a month after Cameron Winklevoss made their spat public. As par...
DCG’s Barry Silbert is Dodging the Hard Questions, Sources Say
Barry Silbert is attempting to shield himself and the company he heads from liability, four industry sources speaking under condition of anonymity have told Blockworks. In a shareholder letter on Tues...
Silbert: DCG Borrowed Hundreds of Millions From Genesis at 10-12% Interest
Barry Silbert is nostalgic. Nostalgic, that is, for “the early days of our industry,” when the under-fire Digital Currency Group (DCG) head said in a Tuesday shareholder letter that he now misse...
Gemini terminates Genesis loans, officially ends Earn Program
Gemini told clients in an email today that it is terminating customer loan agreements with Genesis Global Capital as it winds down its Earn program. Gemini said it will prioritize the return of ...
DCG Silent as Winklevoss Demands Commitment From CEO Silbert
More than 340,000 users of Gemini’s crypto lending program Earn have been kept away from their funds ever since Genesis suspended redemptions and new loans in November. The situation boiled over onto ...
Gemini Takes Spat With DCG Public in Open Letter
Cameron Winklevoss accused fellow entrepreneur Barry Silbert for of “bad faith stall tactics,” in a letter posted on Twitter. Winklevoss, the co-founder of centralized cryptocurrency exchange Gemini, ...
Genesis says plan to resolve lending unit’s woes could take ‘weeks’
Genesis said in a client letter Wednesday that work on a plan to address issues in its lending unit will take weeks rather than days. The crypto lender wrote that it was working “in consu...
DCG’s Silbert addresses ‘noise’ around Genesis even as it grows louder
Barry Silbert broke his silence to address what he called the “noise” around his Digital Currency Group even as the drumbeat about a possible bankruptcy grew louder. The CEO, in a l...