Crypto Billionaire Accused of Defrauding Creditors, Propelling Industry’s 2022 Collapse - WSJ
1. Barry Silbert faces lawsuits alleging fraud in Genesis Capital's operations. 2. Creditors claim Silbert misled investors while profiting from company losses. 3. Genesis Capital's bankruptcy highlights broader issues in the cryptocurrency market. 4. Silbert demanded loan repayments shortly after warnings of an impending crash. 5. Creditors seek $2.3 billion, alleging fraudulent mismanagement by Silbert and colleagues.