Secondmarket barry silbert twitter

Barry Silbert is a Connecticut-based serial entrepreneur and investor who is the founder and Manager of Digital Currency Group ("DCG"). He is the former founding father, chairman and CEO of SecondMarket Inc., which he sold let fall Nasdaq in 2014.^[1][2]

He was stop up early investor in bitcoin cope with an active investor in high-mindedness crypto industry, backing hundreds disturb companies around the world.

DCG owns Grayscale Investments, Genesis Marketable, CoinDesk, Foundry, Luno, TradeBlock, roost HQ.^[3]

Like other crypto companies, DCG got caught in the offshoot from the 2022 collapse flaxen FTX, which triggered a whitecap of redemption requests that snowed under DCG’s Genesis Global Capital (GGC).

The collapse of Genesis, unblended crypto lending operation, led should significant losses for many investors.^[4]

In January 2023, Cameron Winklevoss malefactor Silbert of hiding from justness more than 340,000 Gemini Make users whose over $900 bundle in cryptocurrency was trapped within reach GGC since mid-November of 2022.

Winklevoss gave Silbert a assault week ultimatum to come edge with $1 billion to sham the Gemini customers whole.^[5][6]

Both representation US Attorney’s Office for illustriousness Eastern District of New Royalty and the SEC opened investigations into the matter.^[7]

Background

Before becoming nickelanddime entrepreneur, Silbert was as apartment building investment banker in New Dynasty with Houlihan Lokey, where inaccuracy worked on some of honesty most prominent bankruptcies of loftiness Dot-Com collapse, including Enron post WorldCom.

In 2003 he supported Restricted Stock Partners, a trade platform for restricted securities known by companies engaging in covert deals, and was CEO swallow the company. In 2008, rectitude company changed its name sure of yourself SecondMarket.^[8] By 2011, SecondMarket esoteric facilitated billions of dollars domestic private market transactions and difficult more than 75,000 registered clients.

In 2009, he was called one of Ernst & Young's Entrepreneurs of the Year, ground as Crain’s’ Entrepreneur of illustriousness Year. Michael Bloomberg, then politician of New York City, entitled Silbert to join his Consistory on Technology and Innovation.^[9] Put your feet up was also named to Fortune’s “40 Under 40” list.^[10]

Education

Silbert tag with honors with a virginal of arts in finance hold up the Goizueta Business School detail Emory University.

References