Genesis Lawsuits Seek Over $1 Billion from DCG Over Alleged Improper Transfers

Crypto lender Genesis Global Capital has filed two lawsuits against its parent company, Digital Currency Group (DCG), and CEO Barry Silbert, aiming to recover over $1 billion in funds allegedly transferred during a period of financial instability. The claims accuse DCG and insiders of engaging in self-dealing, fraud, and mismanagement, with Genesis alleging that they exploited the lender’s insolvency for personal gain.