Genesis LOC Files New Lawsuits Against DCG and Barry Silbert to Recover Billions

Description

The Genesis Litigation Oversight Committee (LOC) has launched a new round of legal action targeting Digital Currency Group (DCG), its CEO Barry Silbert, and associated executives. The suits, filed in two separate jurisdictions, aim to reclaim billions of dollars allegedly misappropriated from the crypto lending firm Genesis before it filed for bankruptcy in early 2023. Genesis, a former subsidiary of DCG, was among the most high-profile casualties of the crypto credit crisis that unfolded in the...