DCG’s Barry Silbert reveals crypto firm has $2 billion in debt as he tries to reassure investors after FTX – CNBC | Vette Leader

Barry Silbert, the founder of crypto conglomerate Digital Currency Group, has joined a growing list of industry leaders trying to calm investors’ nerves in the wake of FTX’s sudden collapse. In a note to shareholders on Tuesday, Silbert addressed all the “noise” about the financial health of DCG’s subsidiaries, which include trading company Genesis, Grayscale … Read more

Voyager customer lost $1m saved in 24 years and is one of many now desperate for funds back – CNBC | Vette Leader

Voyager said it has about $1.3 billion worth of crypto on its platform and over $350 million in cash on behalf of clients at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images During a five-hour Chapter 11 bankruptcy hearing earlier this month for crypto firm Voyager Digital, a client named Magnolia was the … Read more