Barry Silbert de Digital Currency Group (DCG) has been re -elected as president of the Board of the Groyscale asset manager, one of the DCG subsidiaries, along with several other new and high -ranking hiring in the company.
Silbert, owner of Grayscale, resigned in December 2023 after the company was beaten with a lawsuit from the New York Attorney Office that accused Silbert and DCG of deceptive investors and hiding financial losses for a total of more than $ 1 billion. Both Silbert and DCG denied the claims, and the case is ongoing in the New York State Court.
Silbert was replaced by DCG financial director Mark Shifke, who will continue to be a member of the Board. Grayscale presented a confidential presentation for an initial public offer last month, despite the continuous round trip before the New York Attorney General’s office.
“I feel honored to meet with the gray scale board at a decisive time for both the company and the wider digital asset ecosystem,” Silbert said in a statement. “I still have a deep conviction in the long -term positioning of the company and in the leadership team that guides it forward.”
Grayscale also hired a new Operations Director, Marketing Director, Communications Director and as Director of Human Resources, who report the CEO of the Peter Mintzberg gray scale.
Since Silbert’s resignation, Grayscale has turned his Bitcoin Trust (GBTC) flagship in a background quoted by exchange (ETF), as well as his counterpart of Ethereum. It is also in the process of launching or converting several other products such as ETF.
