bitcoinist.com (nprofile…x94c)
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/
bitcoinist.com / Bitcoinist
npub1mv…52zuc
2025-05-21 08:04:41
Author Public Key
npub1mvlm9xukx5pek66dzt2muwkefhx3mzc4thlzt756n9h8dplrtk3qc52zucPublished at
2025-05-21 08:04:41Event JSON
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"The lawsuits, filed in two separate jurisdictions, accuse Silbert and other insiders of reckless management and fraud, leading to the collapse of Genesis. The complaints allege that Silbert and his affiliates misled creditors about the financial condition of Genesis while benefiting themselves and associated entities. The LOC is seeking to recover at least $2.2 billion in assets for creditor distribution."
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