Digital Currency Group


Markets

Genesis Set to Return $3B Customer Assets in Finalized Bankruptcy Liquidation Plan

Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace Xclaim.

Genesis (Spencer Wing/Pixabay)

Finance

Grayscale Parent Digital Currency Group Reports $229M Revenue for Q1

Grayscale, which converted its flagship Grayscale Bitcoin Trust into an ETF in January, saw revenue stay flat as rising crypto prices balanced out heavy outflows and a lower management fee.

Digital Currency Group CEO Barry Silbert (CoinDesk archives)

Policy

DCG Calls Out Subsidiary Genesis' Settlement With New York as 'Subversive'

DCG filed an objection in bankruptcy court to the deal its own subsidiary secured to end the New York attorney general's investigation of fraud and money laundering controls.

Barry Silbert. CEO & Founder Digital Currency Group (DCG)

Finance

Digital Currency Group Reports Q4 Revenue of $210M, Up 59% Y/Y (Full Text)

Fourth quarter EBITDA was $99 million versus a loss of $7 million a year earlier.

Barry Silbert. CEO & Founder Digital Currency Group (DCG)

Policy

New York Expands Fraud Case Against Digital Currency Group to $3 Billion

An initial lawsuit accusing crypto firm DCG of cheating people out of $1 billion has been amplified by investors coming forward with losses tripling that, the NY attorney general said.

Barry Silbert. CEO & Founder Digital Currency Group (DCG)

Policy

DCG Can't Sell or Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules

Genesis requested a New York bankruptcy court to bar ownership changes to secure tax benefits on around $700 million worth of operating losses.

Genesis filed for bankruptcy in January 2023 (Richard Mortel/Flickr)

Consensus Magazine

Barry Silbert Navigated Fallout From 2022's Crypto Scandals

The former owner of CoinDesk faced a slew of lawsuits and complications in 2023, but by year-end, his Digital Currency Group had put some issues behind it.

Digital Currency Group's Barry Silbert (Mason Webb/CoinDesk)

Policy

Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing

DCG has paid about $227.3 million to Genesis so far and plans to pay another $275 million it owes by April.

Barry Silbert. CEO & Founder Digital Currency Group (DCG)

Finance

Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial

The crypto mogul served as a white knight for other struggling companies, though, before his empire fell, too.

Barry Silbert. CEO & Founder Digital Currency Group (DCG)

Videos

Gemini, Genesis, DCG Sued by New York Attorney General; Coinbase Picks EU Hub

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including a new prediction from Morgan Stanley Wealth Management about the end of crypto winter. Coinbase picks a new EU hub. New details on FTX using customer funds to buy back the firm’s stake held with Binance. And, New York Attorney General Letitia James filed a lawsuit against crypto firms Gemini, Genesis Global Capital, and Digital Currency Group. CoinDesk is owned by DCG.

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