Digital Currency Group, Genesis transactions under Justice and SEC investigation Cryptocurrencies
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The sources cited in the report said the investigations are in their early phases and have not been made public, and that Silbert, Digital Currency Group, and Genesis have yet to be accused of wrongdoing. On Jan. 5, DCG announced that its HQ wealth management division would be shutting down, while Genesis announced that it would be laying off an additional 30% of their staff.
According to the DCG website, HQ was “the life and wealth management membership platform for digital asset entrepreneurs and investors.” DCG and Genesis came under increasing pressure last week after Gemini co-founder Cameron Winklevoss published an open letter to DCG founder Barry Silbert on Jan. 2.
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