Silbert’s Digital Currency Group (DCG), which owns Grayscale, was sued in October by New York Attorney General Letitia James for allegedly defrauding more than 230,000 investors, including at least 29,000 New Yorkers, of more than $1 billion. James also charged Silbert with defrauding the public by trying to conceal heavy losses. DCG and Silbert rejected the allegations.

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Author: Sheldon Reback

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