Story perspectives

Barry Silbert Faces Lawsuits, Settles SEC Claims Amid Controversy

1/28/2026

Summary

Story summary

Barry Silbert, founder of Digital Currency Group, faces lawsuits alleging he defrauded investors, including Mark Cuban.
Creditors say Silbert and insiders extracted more than $1.2 billion from Genesis before its January 2023 bankruptcy and misled investors about finances.
He settled with the U.S. Securities and Exchange Commission for $38.5 million.
Critics say his $420,000 Washington lobbying in Q3 2025 is inappropriate given the allegations, likening it to funds from Sam Bankman-Fried.

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Story summary

Barry Silbert, founder of Digital Currency Group, faces lawsuits alleging he defrauded investors, including Mark Cuban.
Creditors say Silbert and insiders extracted more than $1.2 billion from Genesis before its January 2023 bankruptcy and misled investors about finances.
He settled with the U.S. Securities and Exchange Commission for $38.5 million.
Critics say his $420,000 Washington lobbying in Q3 2025 is inappropriate given the allegations, likening it to funds from Sam Bankman-Fried.