Finance veteran Barry Silbert built a multibillion-dollar crypto empire. Then he got too optimistic, did business with the wrong people and borrowed big money.
A year ago, Barry Silbert’s 40% stake in Digital Currency Group Inc., or DCG, was valued at more than $3 billion.
A crypto conglomerate, with tentacles in nearly every corner of the industry from lending to bitcoin mining, DCG worked out of plush Connecticut offices featuring a marble-countertop kitchen with a coffee barista and a French chef.
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