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Crypto Regulationin Cryptocurrency
Updated 4 hours ago

Crypto faces security gaps as off-chain errors lead to massive losses, while Hong Kong advances stablecoin regulation and South Korea strengthens oversight before institutional crypto adoption.

HomeCryptocurrency** crypto litigation
Cryptocurrency
Genesis LOC Files New Lawsuits Against DCG and Barry Silbert to Recover Billions
neutralCryptocurrency
** The legal battle over Genesis' collapse just got hotter. The committee overseeing the fallout from the crypto lender's bankruptcy is now suing its parent company, Digital Currency Group (DCG), and CEO Barry Silbert in two different courts. They're accusing them of siphoning off billions before Genesis went under last year—and now they're trying to claw that money back.
What This Mean: ** This isn't just corporate drama—it's a high-stakes fight that could ripple through the crypto world. If the lawsuits succeed, it might set a precedent for holding big players accountable when crypto ventures implode. For everyday investors burned by Genesis' collapse, it’s a glimmer of hope (or at least payback). But it also shows how messy things get when billions vanish in an industry still playing by its own rules.

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