Barry Silbert
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DCG and Silbert said the suit was an attempt to find a “headline-worthy scapegoat”
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The “root lesson to be learned,” Ahluwalia says, is “not to borrow from Genesis to go levered long on your own product”
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In its lawsuit, Gemini cited a number of other prolonged measures it took before resorting to legal action against DCG
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Gemini co-founder Cameron Winklevoss wants DCG to pay up in US dollars, bitcoin and ether — or else face a lawsuit
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Genesis, Gemini and other stakeholders are weighing whether to allow DCG more time to stave off a potential default
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Luno has asked Singapore-based users to withdraw their crypto and fiat currencies from the platform before June 19
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Alameda claims Grayscale’s fee structure and lack of redemption options has lowered the value of Alameda’s shares by 90%
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Genesis could be up for sale under a new restructuring agreement with creditors
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Cameron Wiklevoss threatens to sue Barry Silbert, DCG and others, following Genesis bankruptcy
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The crypto lender reportedly warned investors about filing for bankruptcy if it couldn’t line up sufficient financing
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Several sources have told Blockworks DCG’s head, Barry Silbert, isn’t telling the full story relating to his company’s relationship with crypto lender Genesis
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The cryptocurrency industry has a “lot of hard work to do” on the heels of a brutal 2022, Silbert said Tuesday in a letter to DCG shareholders
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Now that Genesis is considering bankruptcy, hopes of returning $900 million to lending partner Gemini are shrinking
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Cameron Winklevoss has given Barry Silbert until Jan. 8th to commit to publicly working together
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This new debt capital raise comes shortly after DCG raised $700 million in the beginning of November, at a $10 billion valuation.
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Along with the milestone for Grayscale funds AUM, the firm passes SPDR Gold Shares (GLD), the world’s largest gold ETF.
The parent company of Grayscale has raised a massive round from heavy-hitters like SoftBank Group and Alphabet Inc’s independent growth fund CapitalG.
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