Published On: Tue, Jan 17th, 2023

A Crypto Magnate Saw the Risks and Still Was Hammered


The cryptocurrency crunch is so bad even the pros are getting squeezed.

A year ago, Barry Silbert’s 40% stake in Digital Currency Group Inc., or DCG, was valued at more than $3 billion. A crypto conglomerate, with tentacles in nearly every corner of the industry from lending to bitcoin mining, DCG worked out of plush Connecticut offices featuring a marble-countertop kitchen with a coffee barista and a French chef.



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