DCG Executives Allegedly Anticipated Legal Risks Amid Genesis Collapse, Complaint Suggests
The post DCG Executives Allegedly Anticipated Legal Risks Amid Genesis Collapse, Complaint Suggests appeared on BitcoinEthereumNews.com. A newly unsealed complaint reveals that Digital Currency Group (DCG) executives anticipated legal fallout and overlooked critical risk warnings as Genesis, their crypto lending arm, spiraled toward collapse. Internal communications expose how DCG’s leadership was aware of financial mismanagement and potential liabilities, yet failed to act decisively to mitigate escalating risks. According to COINOTAG, DCG’s CFO Michael Kraines explicitly prepared for legal arguments anticipating Genesis’s collapse, highlighting a “war-gaming exercise” to address potential lawsuits. Newly unsealed complaint reveals DCG ignored risk warnings and engaged in deceptive practices as Genesis collapsed, risking billions and legal repercussions. ‘, ‘
The post DCG Executives Allegedly Anticipated Legal Risks Amid Genesis Collapse, Complaint Suggests appeared on BitcoinEthereumNews.com.
A newly unsealed complaint reveals that Digital Currency Group (DCG) executives anticipated legal fallout and overlooked critical risk warnings as Genesis, their crypto lending arm, spiraled toward collapse. Internal communications expose how DCG’s leadership was aware of financial mismanagement and potential liabilities, yet failed to act decisively to mitigate escalating risks. According to COINOTAG, DCG’s CFO Michael Kraines explicitly prepared for legal arguments anticipating Genesis’s collapse, highlighting a “war-gaming exercise” to address potential lawsuits. Newly unsealed complaint reveals DCG ignored risk warnings and engaged in deceptive practices as Genesis collapsed, risking billions and legal repercussions. ‘, ‘
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