A major legal dispute between cryptocurrency lending firm Genesis and its parent company, Digital Currency Group (DCG), has erupted over allegations of financial mismanagement and fraud. Genesis, claiming a misuse of funds contributed to their bankruptcy, has filed two lawsuits against DCG seeking $2.2 billion in Delaware, and another $1 billion claim in New York’s Bankruptcy Court. These legal battles center on alleged unauthorized cryptocurrency transfers made by DCG, while accusations surface that DCG may have known about Genesis’s financial struggles but kept those details hidden from the public, leading to their own reputational downfall. 2022 was a year marked by controversies surrounding DCG’s operations, which now adds fuel to this dispute.