Digital Currency Group (DCG), led by Barry Silbert, recently announced the full repayment of the loan to its defunct subsidiary Genesis. However, a post on X by crypto veteran Vijay Boyapati presents a different narrative. The author of ‘The Bullish Case for Bitcoin’ alleged a pattern of deceit by DCG and Silbert. Boyapati circled back to Genesis’ insolvency in June 2022, when CEO Michael Moro, alongside DCG and Silbert, reportedly funded Genesis to hide losses. He claims that DCG supposedly accomplished this through a “promissory note,” which Genesis treated as a current asset, despite its decade-long redemption period and below-market interest rate.
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Mkt Cap $2.30T
BTC Dom 56.72 %
BTC
$64,966.00
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ETH
$1,918.34
▲ +0.00%
USDT
$0.999447
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BNB
$596.01
▲ +0.80%
USDC
$0.999699
▲ +0.00%
XRP
$1.04
▲ +0.60%
SOL
$75.40
▲ +2.40%
TRX
$0.32879
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.70
▼ -4.10%
DOGE
$0.070409
▲ +1.10%
USDS
$0.999826
▲ +0.00%
RAIN
$0.012653
▼ -0.60%
LEO
$9.70
▼ -0.80%
ZEC
$501.26
▼ -2.40%
ADA
$0.199327
▼ -1.20%
XMR
$381.44
▲ +2.90%
WBT
$56.22
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LINK
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XLM
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DAI
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BCH
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USD1
$0.999676
▲ +0.00%
USDE
$0.999619
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GRAM
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BTC
$64,966.00
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ETH
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▲ +0.00%
USDT
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BNB
$596.01
▲ +0.80%
USDC
$0.999699
▲ +0.00%
XRP
$1.04
▲ +0.60%
SOL
$75.40
▲ +2.40%
TRX
$0.32879
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.70
▼ -4.10%
DOGE
$0.070409
▲ +1.10%
USDS
$0.999826
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RAIN
$0.012653
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LEO
$9.70
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ZEC
$501.26
▼ -2.40%
ADA
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XMR
$381.44
▲ +2.90%
WBT
$56.22
▲ +0.10%
LINK
$8.30
▲ +1.10%
XLM
$0.164526
▲ +2.00%
DAI
$0.999799
▲ +0.00%
BCH
$216.80
▼ -0.10%
USD1
$0.999676
▲ +0.00%
USDE
$0.999619
▲ +0.00%
GRAM
$1.36
▲ +1.70%
Mkt Cap $2.30T
BTC Dom 56.72 %
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$64,966.00
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ETH
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USDT
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BNB
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▲ +0.80%
USDC
$0.999699
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XRP
$1.04
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SOL
$75.40
▲ +2.40%
TRX
$0.32879
▲ +0.20%
FIGR_HELOC
$1.01
▼ -2.70%
HYPE
$54.70
▼ -4.10%
DOGE
$0.070409
▲ +1.10%
USDS
$0.999826
▲ +0.00%
RAIN
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LEO
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ZEC
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ADA
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▼ -1.20%
XMR
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WBT
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LINK
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XLM
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DAI
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BCH
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USD1
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USDE
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GRAM
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