DCG to Pay SEC $38.5 Million for Misleading Investors: What You Need to Know about the Settlement
Barry Silbert, the CEO of Digital Currency Group (DCG), and former Genesis Global Capital executive Soichiro “Michael” Moro will pay $38.5 million to settle SEC charges. They misled investors about Genesis’s financial status before it declared bankruptcy in January 2023 after facing issues from the collapse of FTX. The SEC criticized DCG and Moro for ...
