BEAMSTART Logo

HomeNews

Genesis Files Suits Against DCG to Recover Billions Worth of Allegedly Fraudulent Transfers

CoinDesk LogoCoinDesk14h ago

Genesis Files Suits Against DCG to Recover Billions Worth of Allegedly Fraudulent Transfers - CoinDesk

Quick Summary:

DCG, CEO Barry Silbert and others withdrew billions of dollars from the company they knew was failing while keeping customers in the dark, according to the lawsuits.

We will vigorously defend ourselves against these spurious claims".

Genesis suspended withdrawals in November 2022 and went into bankruptcy the following year.

More Pictures

Genesis Files Suits Against DCG to Recover Billions Worth of Allegedly Fraudulent Transfers - CoinDesk (Picture 1)

or

Article Details

Author / Journalist: Camomile Shumba

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 16:43:46 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 334 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 28879500

View Article Analysis

About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 27 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Genesis Files Suits Against DCG to Recover Billions Worth of Allegedly Fraudulent Transfers" has 334 words across 27 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "Genesis Files Suits Against DCG to Recover Billions Worth of Allegedly Fraudulent Transfers" was covered 14 hours ago by CoinDesk, a news publisher based in United States.

How trustworthy is 'CoinDesk' news outlet?

CoinDesk is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 27 news stories per day.

It's most recent story was published 9 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #28879500
  • URL: https://web17077.beamstart.com/news/genesis-files-suits-against-dcg-17477615183822

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2025 BEAMSTART. All Rights Reserved.