DCG chief Barry Silbert pens letter to shareholders, community reacts

DCG chief Barry Silbert pens letter to shareholders, community reacts

The crypto community woke to a different drama-stuffed day after the Digital Currency Neighborhood (DCG) chief’s letter to shareholders went pass. DCG CEO, Barry Silbert, penned a letter to the shareholders on Jan. 10, reflecting on the utter of the crypto market and the rising ache, uncertainty and doubt (FUD) across the firm. DCG is the mother or father firm of crypto lending firm Genesis International Capital and Grayscale, the enviornment’s main crypto asset manager.

Within the letter, Silbert addressed the rising concerns spherical DCG and its subsidiaries owing to the undergo market and FTX contagion. He mentioned that plain actors and the implosion of main crypto companies had wreaked havoc on the industry. He grand, “DCG and loads of our portfolio companies are now not resistant to the outcomes of the articulate turmoil.”

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