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Barry Silbert racks up enemies as crypto-lending crisis mounts

The Digital Currency Group founder, an entrepreneur who built a career in opaque markets, is now contending with a crisis of confidence among investors suddenly panicking about risks they may not see. ....

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Gemini Creditor Committee Proposes Plan to Resolve Liquidity Issue of Genesis, DCG

The credit committee involving Gemini proposed plans in order to resolve the liquidity issues faced by Genesis and DCG. ....

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Once valued at US$10 billion, crypto empire behind Genesis caught up in FTX turmoil

With Genesis’ halted redemptions, the health of DCG has been called into question.
Read more at straitstimes.com. ....

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The crypto market contagion has arrived

The lending arm of Genesis Global Trading suspended new loans and redemptions amid a wave of withdrawals that kicked off as Sam Bankman-Fried’s multibillion-dollar digital empire sank in the Bahamas. ....

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Digital Currency Group names Murphy president, cuts 10% of staff

The cryptocurrency conglomerate Digital Currency Group promoted Mark Murphy to president from chief operating officer as part of a restructuring that saw about 10 employees exit the company. ....

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