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Crypto Empire DCG Faces US Investigation Over Internal Transfers

  • EDNY, SEC said to be reviewing money flows between companies
  • Scrutiny follows losses stemming from 2022 crypto turmoil
Barry Silbert

Barry Silbert

Photographer: Joe Buglewicz/Bloomberg

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.