Grayscale, DCG: Looming Bankruptcy Full of Downside Possibilities

• A DCG bankruptcy is awaiting and is full of downside possibilities.
• Digital Currency Group is associated with many other entities in the crypto field.
• 3AC founder blames DCG for its failures.

While DCG is one of the main reasons the crypto market emerged and reached $2 trillion in valuation in 2021, it could also become the reason for the rapid descent into obscurity according to revelations by Coin Bureau.

Reportedly, Digital Currency Group (DCG), is financially associated with multiple other entities in the crypto field, with ties, control, or financial exposure to hundreds of crypto exchanges, businesses, and websites.

Following this, Guy Turner, on Coin Bureau`s youtube video, confirms that with $15 Billion in cryptocurrencies at Grayscale’s treasury, Genesis will force the rest of the DCG group into bankruptcy.

Further, Genesis, a DCG subsidy, seeks $1 Billion from investors to cover the recent losses from the collapsed funds and exchanges. However, according to experts, time is running out and DCG apparently can’t fill this gap.

In the same vein, 3AC founder Zhu Su has come out openly blaming Digital Currency Group (DCG) for their misfortunes.

Zhu Su claims in his most recent Twitter thread that FTX and DCG planned to bring down LUNa and STETH. Following the Terra collapse, 3AC went bankrupt, causing significant losses for DCG and FTX. With the collapse of Babel and other companies participating in GBTC, the losses went above 3AC.

The founder of 3AC continues by saying that Genesis creditors will push it into bankruptcy and take the remaining DCG assets in the coming days. According to Zhu Su, “They are likely demanding Barry Silbert to pay back his cashouts the easy way instead of waiting for a DoJ criminal case with restitution punishments.”