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Barry Silbert's DCG, Genesis Fallout Could Be Worse Than FTX, Here's Why

source-logo  coingape.com 21 November 2022 04:33, UTC

Crypto trading firm Genesis’ exposure to bankrupt crypto firms FTX and Three Arrows Capital is pulling its parent Digital Currency Group (DCG) and Grayscale into the contagion. Now, it has come to light that Barry Silbert’s DCG owes over $1.1 billion to Genesis. Some claim DCG fallout could have more ripple effect than FTX.