Barry Silbert's Digital Currency Group has been charged for misleading investors
Cryptocurrency venture capital giant Digital Currency Group , which is helmed by"crypto king" Barry Silbert, has been charged by the U.S. Securities and Exchange Commission has been charged for misleading investors, according to a Friday DCG will have to pay a $38 million civil money penalty to the SEC within the next 14 days as part of its settlement deal with the regulator.
After a significant borrower defaulted on a margin call, DCG downplayed the severity of this development.Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
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