bitcoinist.com (nprofile…x94c)
✍️ The Genesis Litigation Oversight Committee has launched a new round of legal action against Digital Currency Group, its CEO Barry Silbert, and associated executives, seeking to reclaim billions of dollars allegedly misappropriated from the crypto lending firm Genesis.
👉 Genesis filed for bankruptcy in early 2023
👉 The lawsuits accuse Silbert and other insiders of reckless management and fraud
👉 The complaints allege that Silbert and his affiliates misled creditors about the financial condition of Genesis
👉 The LOC is seeking to recover at least $2.2 billion in assets for creditor distribution
#BarrySilbert #technology
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https://www.tradingview.com/x/J4G2WaBU/
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. […]
https://bitcoinist.com/genesis-loc-files-new-lawsuits-dcg-barry-silbert/