Barry Silbert, the founder and CEO of Digital Currency Group (DCG), has moved to liquidate nearly 120,000 Grayscale Ethereum Classic Trust(ETCG) shares, worth an aggregate market value of approximately $755,295 dollars.

Each of DCG’s wholly-owned subsidiaries has its own bank accounts, securities accounts, and crypto accounts, and maintains separate books and records.

After the FTX collapse, everyone is wondering who is next. Will that be Barry Silbert’s DCG or Gemini, the Winklevoss Tweens crypto exchange?

Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In the letter, Winklevoss claimed that DCG owes $1.675 billion to Genesis. Silbert, however, responded on social media, denying the claim.

Barry Silbert, the man atop this shaky DCG / Genesis / GBTC empire, shows how stereotypes hinder investors’ ability to properly manage risk.