Genesis Sues DCG and Barry Silbert for $3.3B Over Alleged Fraud and Asset Drain

The post Genesis Sues DCG and Barry Silbert for $3.3B Over Alleged Fraud and Asset Drain appeared first on Coinpedia Fintech News

Genesis Global Capital, the crypto lending firm that filed for bankruptcy in 2023, has launched two major lawsuits against its parent company, Digital Currency Group (DCG), and CEO Barry Silbert. The allegations are serious—fraud, reckless mismanagement, and siphoning over $1 billion in assets from Genesis. At the heart of the case: Genesis’s creditors are still …