5 days ago
Digital Currency Group’s (DCG) Barry Silbert has been re-appointed arsenic president of the committee astatine plus manager Grayscale, 1 of DCG's subsidiaries, alongside respective different new, high-ranking hires astatine the firm.
Silbert, who owns Grayscale, resigned successful December 2023 aft the institution was deed with a suit from the New York Attorney General’s bureau which accused Silbert and DCG of misleading investors and hiding fiscal losses totaling much than $1 billion. Both Silbert and DCG denied the claims, and the lawsuit is ongoing successful New York authorities court.
Silbert was replaced by DCG's main fiscal serviceman Mark Shifke, who volition stay a committee member. Grayscale filed a confidential submission for an archetypal nationalist offering past month, contempt the ongoing ineligible back-and-forth with the New York Attorney General's office.
"I'm honored to rejoin the Grayscale committee astatine a defining infinitesimal for some the institution and the broader integer plus ecosystem," Silbert said successful a statement. "I proceed to person heavy condemnation successful the company’s semipermanent positioning and successful the enactment squad guiding it forward."
Grayscale besides hired a caller main operating officer, main selling officer, main communications officer, and arsenic main quality resources officer, who each study to Grayscale CEO Peter Mintzberg.
Since Silbert’s resignation, Grayscale has converted its flagship Bitcoin Trust (GBTC) into an exchange-traded money (ETF) arsenic good arsenic its Ethereum counterpart. It is besides successful the process of launching oregon converting respective different products arsenic ETFs.
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