Silbert’s Crypto Empire DCG Faces NY Attorney General Probe Over Genesis Ties

Barry Silbert’s crypto empire, Digital Currency Group, is facing another probe into its financial dealings with subsidiary Genesis Global Capital — this time by New York state’s top law enforcement officer, according to two people familiar with the investigation.

In recent months, New York Attorney General Letitia James’s office has requested information from former executives of Genesis, a cryptocurrency lender that filed for bankruptcy in January, said the people, who asked not to be identified because the inquiry had not been made public. Former Genesis chief risk officer, Michael Patchen, was questioned recently, one of the people said.