Crypto empire DCG faces U.S. investigation over internal transfers

From bnnbloomberg.ca

US authorities are digging into the internal financial dealings of Barry Silbert’s expansive crypto empire, according to people familiar with the matter. Federal prosecutors in Brooklyn are scrutinizing transfers between Digital Currency Group Inc. and an embattled subsidiary that offers crypto lending services, said the people, who asked not to be named because the probe hasn’t been made public. They’re also delving into what investors were told about those transactions. Prosecutors have started requesting interviews and documents, one of the people said. The Securities and Exchange Commission is also ... (full story)