Grayscale's Parent DCG Accused Of Prior Grasp To Genesis Dept
DCG Accused Of Knowing Genesis Bankruptcy Beforehand “Attempting to keep it as simple as possible on DCG stuff,” Andrew’s tweet reads. It goes on to make several devastating allegations, including the fact that DCG acted in a way that appeared to benefit the group itself while being aware of several firms’ earlier bankruptcies. advertisement Andrew asserts that Grayscale’s parent company was privy to the insolvency of 3AC and FTX before anyone else, even going so far as to buy their holdings in Grayscale Bitcoin Trust (GBTC). In addition, he asserts that DCG organized substantial loans from Genesis , a business it controls, despite knowing Genesis was about to go bankrupt. The tweet ends with accusations that DCG engaged in high-risk trading, such as the GBTC “carry trade,” and that it also paid hefty fees to itself. These accusations follow the filing of two lawsuits by Genesis Global against DCG and Digital Currency G...